asked the Minister for Local Government if he is in a position to state over the past decade the annual total investment in the provision of new domestic dwellings by the community; the amount contributed by the Exchequer in respect of each year; and if he will express the ratio on a percentage basis.
Ceisteanna—Questions. Oral Answers. - Investment in Housing.
57.
The information is not available in the form requested by the Deputy. Total capital expenditure from all sources, and public capital expenditure, on the building and reconstruction of houses in each of the last ten years are set out in a tabular statement which, with your permission, Sir, I propose to have circulated with the Official Report. The table also shows the amounts of housing subsidies met from central and local taxation in the same period.
Following is the table:—
Expenditure on Housing
|
Year ended 31st March |
Capital expenditure on housing from — |
Column (3) as a percentage of column (2) |
Housing subsidies from central taxation and rates |
|
|
all sources |
public sources |
|||
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
£ million |
% |
£ million |
||
|
1961 |
14.6 |
8.8 |
60.3 |
6.4 |
|
1962 |
16.1 |
9.5 |
59.0 |
6.8 |
|
1963 |
19.0 |
11.2 |
58.9 |
7.2 |
|
1964 |
23.4 |
12.9 |
55.1 |
7.6 |
|
1965 |
31.5 |
15.9 |
50.5 |
8.2 |
|
1966 |
40.5 |
21.0 |
51.9 |
9.2 |
|
1967 |
37.5 |
22.1 |
58.9 |
10.1 |
|
1968 |
46.2 |
27.2 |
58.9 |
11.0 |
|
1969† |
50.0 |
30.5 |
61.0 |
12.1 |
|
1970* |
58.0 |
34.2 |
60.0 |
13.4 |
|
TOTALS |
336.8 |
193.3 |
57.4 |
92.0 |
†Provisional. *Estimated.
NOTES:
(1) The figures in column (2) correspond to the figures for capital formation in housing in the National Income and Expenditure Accounts. They include expenditure on the substantial reconstruction or improvement of dwellings but do not include expenditure on site acquisition or on second-hand houses.
(2) The figures in column (3) are the total expenditure by the Government and local authorities on building houses, making loans and grants for their purchase, erection, reconstruction or improvement and the acquisition of land for housing. Relatively small amounts paid in loans or grants for second-hand houses are also included.
(3) Housing subsidies in column (5) are the amounts by which payments by tenants of local authority houses fell short of expenditure by the authorities on these houses, together with loan charges on capital borrowed by the Government and local authorities for the payment of grants for private housing. They include approximately £0.4 million a year in loan charges on capital grants paid from the Transition Development Fund and the Vote for Local Government in the period from 1946-47 to 1955-56.
(4) The amounts in columns (2) and (3) are raised largely by borrowing and those in column (5) from taxation.