Micheál Martin (Cork South Central, Fianna Fail)
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178. To ask the Minister for Public Expenditure and Reform the status of capital expenditure in 2016; if it is on target; and if he will make a statement on the matter. [20292/16]

Paschal Donohoe (Dublin Central, Fine Gael)
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Net capital issues at the end of June 2016 amounted to €1.148 billion, which falls short by €43m (3.6%) of profiled expenditure of €1.191 billion. The end-June 2016 issues figure compares to €1.054 billion for the same period last year and, therefore, represents an increase of €94 million or 8.9%.  

Capital issues to date represent 31.1% of the total net capital estimate (€3.693 billion) for the year with €2.546 billion remaining to be spent.  This is supplemented with capital carryover of some €111.8 million from 2015.  For the same period last year, issues of €1.054 billion accounted for 31.8% of the 2015 net cumulative issues figure of €3.318 billion. 

The Deputy will understand that variance between profiled and actual expenditure can arise over the course of the year reflecting a broad range of factors impacting on individual capital spending programmes and projects.  At this point in time, it is currently expected that actual and profiled expenditure will be aligned in overall terms at end-year.