Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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287. To ask the Minister for Housing, Planning, and Local Government the total expected capital underspend in his Department budget for 2022; the line items where this under spend is expected to occur; the total capital carryover into Budget 2023; and the areas that this specific money has been allocated to in 2023. [48292/22]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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As the Deputy is aware, construction, and consequently expenditure on construction related activities, are significantly impacted as a result of ongoing economic issues including the restricted operating environment under Covid-19 health and safety protocols that prevailed up to early 2022 coupled with the significant level of price inflation to construction materials; supply chain disruption and inflation in the prices of fuel and energy.

Despite the very challenging context my Department continues to engage proactively on a range of measures to manage, mitigate and expedite where possible throughout 2022.

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 2023, I have confirmed to the Minister for Public Expenditure and Reform that I am seeking full capital carryover of 10%, amounting to €340m. The details of the source and subsequent allocation of that funding will be published in the REV later this year.

At this stage, I have signaled that the carryover will be applied as follows: