Pearse Doherty (Donegal, Sinn Fein)
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133. To ask the Minister for Finance the level of capital expenditure required for gross fixed capital formation to account for 3% of GDP in each of the years 2020 to 2025. [50102/19]

Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy is aware the Department of Finance's macro-economic and fiscal projections currently cover the period to 2024. These set out that general government gross fixed capital formation will be c.2.5 per cent of GDP.

Using the more appropriate measure of the Irish economy, this is equivalent to an average of 4.4 per cent of modified GNI (GNI*).

The nominal amounts equivalent to 3 per cent of both GDP and GNI* are shown below.