Written answers

Thursday, 6 November 2008

5:00 pm

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
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Question 41: To ask the Minister for Finance if he is satisfied that the public capital programme is delivering in priority areas on time and on budget; and if he will make a statement on the matter. [38749/08]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The exchequer capital allocations for 2009 for all Departments were outlined in my recent budget. It is a matter for each Department to manage its capital allocation to maximise impact and value for money. The Value for Money Framework put in place by Government over recent years will help ensure that value for money is attained and that public capital investment is delivered on time and within budget.

In the current economic climate, capital expenditure will be prioritised towards critical infrastructure projects. As you are aware, resources are allocated, inter alia, towards major inter-urban motorways, public transport, water services infrastructure, education, social housing and health infrastructure.

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