Written answers

Wednesday, 6 April 2016

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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130. To ask the Minister for Finance for a breakdown of the line item gross fixed capital formation for each of the years 2016 to 2021 inclusive, contained in the 2016 budget manual, page C 50, table A8, line 4. [5577/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The annual general government Gross Fixed Capital Formation (GFCF) outturn is produced by the CSO and is published as part of the Government Finance statistics. This is produced in accordance with the European System of Accounts (ESA 2010) where GFCF of general government consists of annual government investments, deducting disposals, in fixed assets. Fixed assets are tangible or intangible assets produced as outputs from production processes that are used repeatedly, or continuously, for more than one year.

The forecast values for GFCF of general government for the period 20162021 referred to by the Deputy were produced by my Department and published in Budget 2016. These are extropolated from the outturns estimated by the CSO and known policy decisions. A breakdown of these values can be found in the table. Further information on capital expenditure plans over the period can be found in the Public Capital Plan published by the Department on Public Expenditure and Reform in September 2015.

General Government Gross fixed capital formation

-201620172018201920202021
€billions
Voted2.02.22.52.93.33.7
Other General Government Bodies1.11.01.01.21.11.1
Local Government1.01.11.01.01.01.0
Total4.24.24.55.15.45.8

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