Since 2020 considerable policy challenges have arisen due to the impact of Covid-19, Brexit and the war in Ukraine. The approach of allocating non-core or temporary funding to respond to external challenges facilitates responsive fiscal policy providing supports to deal with key emerging issues while protecting core or permanent day-to-day expenditure and investment.
The Revised Estimates 2023 set out €5.2 billion in non-core funding. At the end of March 2023 approximately €4.1 billion of non-core funding has been allocated to Departments. This includes allocations of €1.6 billion for Ukraine related supports; €1.5 billion for Covid related supports including National Recovery and Resilience Plan (NRRP); €0.7 billion for Temporary Business Energy Support Scheme (TBESS) and €0.4 billion for Brexit and other non-core pressures. These allocations leave approximately €1.1 billion in non-core funding for further allocations throughout 2023 if required.
Table: Non-Core Funding 2023
-
|
Funding Provision
|
Allocated to Depts.
|
Unallocated
|
Covid (including NRRP)
|
€1.7bn
|
€1.5bn
|
€0.2bn
|
Ukraine
|
€2.0bn
|
€1.6bn
|
€0.4bn
|
TBESS
|
€0.7bn
|
€0.7bn
|
€0bn
|
Other (including Brexit Adjustment Reserve)
|
€0.8bn
|
€0.4bn
|
€0.4bn
|
Total Non-Core
|
€5.2bn
|
€4.1bn
|
€1.1bn
|
*Rounding affects totals