Written answers

Tuesday, 13 February 2018

Department of Public Expenditure and Reform

Capital Expenditure Programme

Photo of Dara CallearyDara Calleary (Mayo, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

157. To ask the Minister for Public Expenditure and Reform the amount of the €155 billion quoted in the media for the national development plan that will be direct Government expenditure; the amount that will be from the State enterprise sector; the amount that will be from PPPs; and if he will make a statement on the matter. [7020/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am not aware of the provenance of the figure referred to in the Deputy's question. 

As the Deputy is aware, my Department is currently finalising a 10-year capital plan for the period 2018 to 2027.  The fundamental objective of the capital plan is to support the implementation of the objectives detailed in the forthcoming National Planning Framework (NPF).  In this context, the capital plan will, when published, set out the Government's plans for Exchequer and non-Exchequer capital investment for the ten year period.

As demonstrated by the €4.3 billion increase in multi-annual capital ceilings for Ministerial Vote Groups for the period 2018 to 2021 announced in the Estimates at Budget-time last October, the Government is strongly committed to increasing public capital investment.  The significant additional resources announced at Budget-time have been allocated on the basis of a detailed assessment of public capital investment needs set out in the review, published in September 2017, of the 2015 capital plan.  This assessment draws on the comprehensive infrastructure capacity and demand analysis prepared by the Irish Government Economic and Evaluation Service.  These capital resources are also in addition to the additional €2.2 billion for housing set out in the Action Plan for Housing and Homelessness.

Consequently between 2014 and 2021 public capital expenditure in Ireland will have more than doubled and as set out by the Irish Fiscal Advisory Council, this will see public investment in Ireland moving to among the highest in the EU.

Comments

No comments

Log in or join to post a public comment.