Written answers

Thursday, 16 December 2021

Department of Finance

Capital Expenditure Programme

Photo of Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael)
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247. To ask the Minister for Finance the amount of capital allocated to non-voted expenditure in 2020; and if he will make a statement on the matter. [55674/21]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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An amount of €1.9 billion was spent through non-voted capital expenditure in 2020.

The vast majority of this is composed of short-term, technical loans for the purposes of cash flow, including €600 million to the Social Insurance Fund, €670 million to cover payments from the European Agriculture Guarantee Fund, and a further €253 million to the Supply Account. All of these were recouped in-year or in the early months of 2021.

A further €372 million loan was advanced to Irish Water, under an agreement to repay Irish Water’s existing non-domestic commercial debt and to fund its future non-domestic water borrowing requirements. 

The remaining non-voted capital expenditure is composed of €17 million in various investments to international bodies provided for under such legislation as the Development Banks Act 2005, and an amount of €0.4 million to the Carbon Fund under the Carbon Fund Act 2007.


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