Written answers

Friday, 16 September 2016

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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256. To ask the Minister for Finance if he will provide a comparative table showing tax take, expenditure and investment that is capital spend as a percentage of gross domestic product, GDP, before the most recent GDP figures as published by the Central Statistics Office and after; and if he will make a statement on the matter. [25264/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The 2015 National Income and Expenditure data published in July 2016 by the CSO revised Ireland's 2015 GDP level from €214,623m (Quarterly National Accounts March 2016) to €255,815m. Estimates of tax take, public expenditure and public capital investment are taken from the CSO Government Income & Expenditure release July 2016. The data requested by the Deputy are in tabular form below.



Details 


Taxes


Total expenditure
Gross domestic fixed capital formation*
€million€million€million
Government Income & Expenditure 201550,73675,2434,346
2015 Gross Domestic Product - March 2016214,623214,623214,623
% of GDP March 201623.6%35.1%2.0%
2015 Gross Domestic Product - July 2016255,815255,815255,815
% of GDP July 201619.8%29.4%1.7%

Source: Central Statistics Office

* Gross domestic fixed capital formationdoes not include approximately €690m of Voted Capital expenditure such as Capital Grants that are not considered government investment in National Accounts.  €690m represents c.0.32% of 2015 GDP (March 2016) or c.0.27% of 2015 GDP (July 2016).

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