Dáil Éireann Debate, Wednesday - 24 April 2013
112. Deputy Sean Fleming asked the Minister for Jobs, Enterprise and Innovation if he will provide the month by month profile for his Department's 2013 capital expendiuture; and if he will make a statement on the matter. [19234/13]
View answerMy Department's 2013 Capital allocation under the recently published Revised Estimates Volume is €454.5m. This allocation supports the transition to an economy based on exports, enterprise and innovation through Capital funding to Agencies and Programmes such as IDA Ireland, Enterprise Ireland, the County Enterprise Boards, Shannon Development, InterTrade Ireland, INTERREG, the National Standards Authority of Ireland, Science Foundation Ireland, the Programme for Research in Third Level Institutions (PRTLI) and the Temporary Partial Credit Guarantee Scheme.
The drawdown of exchequer monies through the Agencies of my Department is based on commitments made in a given year and projected draw-downs against those commitments in the year in question. The drawdown of exchequer financial support by companies or other bodies (e.g. Competency Centres) is demand-led and can only take place if the company or body in question has progressed a given project in line with the agreement entered into with the State at the time of the financial commitment.
The pattern of disbursement of funds is essentially determined according to this demand-led nature of grant payments and issues relating to the timing of expenditure and significant drawdown occurs in the last quarter of the year. The month by month profile of anticipated expenditure from the 2013 allocation is provided below.
CAPITAL ALLOCATION 2013 - Profile of drawdown from Exchequer on a month-by-month basis
|
REV Allocation: |
PROFILES |
Jan |
Feb |
Mar |
Apr |
May |
June |
July |
Aug |
Sept |
Oct |
Nov |
Dec |
|
€454.500m |
€m |
27.808 |
11.552 |
39.964 |
33.035 |
38.925 |
37.124 |
38.473 |
21.778 |
37.949 |
49.669 |
39.921 |
78.302 |
