Written answers
Tuesday, 12 June 2018
Department of Finance
Capital Expenditure Programme
Jonathan O'Brien (Cork North Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
195. To ask the Minister for Finance if a proposal (details supplied) will be costed. [25589/18]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
In order to assess the impact of capital smoothing of the proposed voted capital expenditure model the actual capital expenditure in 2016 and 2017 along with that planned for 2018 have to be included in the calculation, as these impact on 2019, 2020 and 2021.
The following table takes this into consideration and, combining it with the plan as submitted, results in the following amounts of capital expenditure recognised under the expenditure benchmark each year:
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchequer capital expenditure, € millions | 8,343 | 8,861 | 9,618 | 10,118 | 10,725 |
| Amount after capital smoothing applied, € millions | 942 | 943 | 1,030 | 1,074 | 596 |
| Exchequer capital expenditure, per cent of GNI* + | 3.7 | 3.8 | 4.0 | N/A | N/A |
| Exchequer capital expenditure, per cent of GDP + | 2.5 | 2.6 | 2.7 | N/A | N/A |
+Nominal GDP and GNI* out to 2021 were published in annex 2 of the Stability Programme Update 2018. These series have not been estimated beyond 2021.
No comments