Written answers
Tuesday, 2 July 2019
Department of Finance
Summer Economic Statement
Michael McGrath (Cork South Central, Fianna Fail)
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208. To ask the Minister for Finance if the €600 million outlined in annexe 1 of the summer economic statement is incorporated in the indicative nominal budgetary package in table 6 of the statement; and if he will make a statement on the matter. [27952/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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The calculation of the available 2020 budgetary package in the Summer Economic Statement 2019, based on projections as set out in the Stability Programme Update 2019, is consistent with a:
€0.7 billion increase in capital expenditure;
€1.5 billion increase in current expenditure; and
€0.6 billion allocated for taxation measures.
This amounts to an overall nominal budgetary package of €2.8 billion for 2020, as set out in Table 6.
The table in Annexe 1 is consistent with this package but presents the amounts in fiscal space rather than nominal terms. This means that care must be taken when comparing capital expenditure amounts.
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