David Cullinane
Question:77. Deputy David Cullinane asked the Minister for Finance to provide revenue and expenditure current and capital as a percentage of gross domestic product in the years 2015 to 2021 in tabular form. [18273/16]
View answerTuesday, 28 June 2016
Questions (77)
Written answers
I presume the Deputy is seeking this information in the context of the publication of the Summer Economic Statement (SES). The information sought is set out in nominal terms in Table 3 on page 16 of the SES. For the Deputy's convenience, the table below sets out, as percentages of GDP, projected gross voted expenditure, both current and capital, and tax revenues and Appropriations-in-Aid, again both current and capital, from 2015 to 2021.
The expenditure and revenue forecasts are compliant with the fiscal rules under the preventive arm of the stability and growth pact. The table does not take account of the planned contributions to the rainy day fund of €1 billion per annum in 2019, 2020 and 2021. If these contributions were spent, then expenditure as a percentage of GDP would increase by c.0.4% in the relevant years.
Non-voted current and capital expenditure, the majority of which relates to interest, the EU Budget contribution and certain deficit neutral cash flow loans, and capital resources, the bulk of which relates to the repayment of the cash flow loans, have been left out of the table below because these elements relate to matters largely beyond our direct control. However, the relevant nominal forecast figures may be found in Table 3 in the SES.
|
- |
2015 - % of GDP |
2016 - % of GDP |
2017 - % of GDP |
2018 - % of GDP |
2019 - % of GDP |
2020 - % of GDP |
2021 - % of GDP |
|
Gross Voted Current Expenditure |
23.7% |
22.4% |
21.8% |
21.1% |
20.5% |
20.0% |
19.6% |
|
Gross Voted Capital Expenditure |
1.8% |
1.7% |
1.8% |
2.0% |
2.2% |
2.3% |
2.4% |
|
Total Gross voted expenditure |
25.5% |
24.1% |
23.6% |
23.1% |
22.7% |
22.3% |
22.0% |
|
Tax Revenue |
21.2% |
20.8% |
20.4% |
21.2% |
20.7% |
20.5% |
20.4% |
|
Current A-in-A's & Departmental Balances |
5.4% |
4.9% |
4.7% |
4.5% |
4.2% |
4.0% |
3.8% |
|
Capital A-in-A's |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
0.1% |
|
Total revenue from tax & A-in-A's |
26.7% |
25.9% |
25.2% |
25.8% |
25.0% |
24.7% |
24.4% |