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Exchequer Provisions.

Dáil Éireann Debate, Wednesday - 17 November 2004

Wednesday, 17 November 2004

Questions (150)

Peter Power

Question:

190 Mr. P. Power asked the Minister for Finance his intentions regarding the planned level of Exchequer and PPP funded investment in 2005 included in the multi-annual capital investment framework published in the 2004 budget. [28936/04]

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Written answers

The rolling five year multi-annual capital envelopes announced in budget 2004 set out a total capital provision for 2005 of Exchequer funded investment, €5,715 million, and an estimate for PPP, €585 million, capital to be funded by annual payments from the Exchequer.

The 2005 AEV which I will be publishing tomorrow presents a breakdown of the 2005 Exchequer provisions included in the multi-annual investment framework published in the 2004 budget as well as the original estimates for PPP investment in 2005 included in that framework. The Deputy might wish to note that based on the latest information available from Departments there will be a major shortfall on the PPP estimate in 2005. I will be reviewing the position between now and the budget and I will be announcing a new capital envelope for the period 2005-09 on budget day. The new capital envelope will take account of the PPP shortfall, overall investment priorities and the wider expenditure and budgetary position.

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