As Minister for public expenditure, I am responsible for setting the overall capital allocations across Departments and for monitoring monthly expenditure at departmental level. 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. Each Minister is also responsible for deciding on the priority programmes and projects, which they can bring to Government. That will be delivered under their remit within the national development plan and for setting out the timelines for delivery. Expenditure is, therefore, allocated and monitored on a departmental basis.
In budget 2025, almost €15 billion was made available from the Exchequer for investment in public capital projects, along with €3 billion in funds from the sale of the State's shareholding in AIB in June 2024. This level of expenditure is pivotal in consolidating the progress already made and in supporting balanced regional development to address key infrastructural bottlenecks more rapidly, and lead to further improvements in living standards and competitiveness.
Additionally, the recently agreed programme for Government sets out that the Government will prioritise an early review of the NDP, which will be completed in July 2025. The review of this will encompass all public capital investment and will utilise State funds to support increased capital investment levels, including in the west which is centrally important to overall infrastructure development.
This review will build on recent actions to improve delivery, including the publication of infrastructure guidance which replaced the public spending code on 1 January 2024. These set the value-for-money guidance for evaluating, planning and managing Exchequer-funded capital projects. It is a significant policy development that allows Departments greater freedom to pursue the delivery of their priority projects. It is also intended to ensure quality delivery can be achieved by agencies without causing undue delays which may impact on projects costs and timelines.
I have information on the north west and the west in terms of overall data on infrastructure to which I can return in my next contribution.