Written answers
Thursday, 30 September 2010
Department of Finance
Capital Expenditure
10:30 am
Seán Sherlock (Cork East, Labour)
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Question 77: To ask the Minister for Finance if he will make a statement on the capital underspend to date in 2010; if this underspend is the result of a deliberate strategy to delay capital projects and to minimise the year-end Exchequer deficit; and if he will make a statement on the matter. [34042/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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While the rate of capital spending is a matter for individual Ministers, I am informed that the underspend so far is due essentially to timing issues and better value for money from lower prices. There is no deliberate policy of delaying of spending to minimise the year end Exchequer deficit.
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