Cian O'Callaghan (Dublin Bay North, Social Democrats)
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184. To ask the Minister for Housing, Planning, and Local Government the housing capital underspend to date in 2021; the amount he expects will be carried forward into 2022; if this will exceed the 10% cap; and if he will make a statement on the matter. [56663/21]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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My Department reports to Government on a quarterly basis on Capital expenditure. To the end of September the Capital Expenditure for Vote 34, Housing, Local Government and Heritage is €1,029m which is €334m or 25% behind the published profile of €1,363m.

Capital expenditure in 2021 progressed slower than profiled as a result of a restricted operating environment under Covid-19 health and safety protocols. The Finance Act 2004, section 91, provides for the carryover of up to 10% of the REV allocation (Capital) from one year to the next.

For 2022, I have confirmed to the Minister for Public Expenditure and Reform that I am seeking full capital carryover of 10%, amounting to €275.8m. The details of the source and subsequent allocation of that funding will be published in the REV later this year.