Aindrias Moynihan (Cork North West, Fianna Fail)
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239. To ask the Minister for Public Expenditure and Reform the balance between the funds spent on foreign direct investment and on funds given to indigenous industries; and if he will make a statement on the matter. [29742/24]

Paschal Donohoe (Dublin Central, Fine Gael)
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While matters relating to Foreign Direct Investment and enterprise support for indigenous industry are, in the first instance, for the Minister for Enterprise, Trade and Employment, balanced regional development is a key priority of this Government and is at the heart of Project Ireland 2040.

We are continuing to deliver and improve infrastructure in all regions in areas such as transport, broadband connectivity, housing and energy. These investments in public infrastructure projects will in turn have a positive effect in delivering employment opportunities and further investment by the private sector. As Minister for Public Expenditure, NDP Delivery and Reform I am responsible for setting the overall capital allocations across Departments and for monitoring monthly expenditure at Departmental level. My Department therefore allocates expenditure on a departmental basis, not a geographic basis. The responsibility for the management and delivery of individual investment projects or sectoral policy strategies, within the allocations agreed under the National Development Plan (NDP), rests with the individual sponsoring Department in each case.

The Government has committed €165 billion funding for capital investment, as set out in the NDP published in October 2021. An additional €2.25 billion of windfall corporate tax receipts has also been allocated from 2024 to 2026, to provide funding for critical infrastructure projects that are at an advanced stage.

In 2024, over €13 billion will be made available from the Exchequer for investment in public capital projects, which will provide more schools, homes, improve hospital facilities and other pieces of vital infrastructure. This level of expenditure will be pivotal in consolidating the progress already made, supporting balanced regional development and, most importantly, delivering the necessary infrastructure to support our future climate change obligations as well as our social and economic requirements.

The Government is committed to increasing public awareness of the capital investment in Project Ireland 2040 in all regions. A Project Ireland 2040 report on each regional assembly area is published each year. The 2023 annual reports are expected to be published in Q3 2024 and will be available on gov.ie/2040. The reports detail the specific regional projects and programmes, which are being planned and delivered in each region as part of the public investment detailed in the NDP.