Dáil Éireann Debate, Friday - 16 September 2016
256. Deputy Pearse Doherty asked the Minister for Finance if he will provide a comparative table showing tax take, expenditure and investment that is capital spend as a percentage of gross domestic product, GDP, before the most recent GDP figures as published by the Central Statistics Office and after; and if he will make a statement on the matter. [25264/16]
View answerThe 2015 National Income and Expenditure data published in July 2016 by the CSO revised Ireland's 2015 GDP level from €214,623m (Quarterly National Accounts March 2016) to €255,815m. Estimates of tax take, public expenditure and public capital investment are taken from the CSO Government Income & Expenditure release July 2016. The data requested by the Deputy are in tabular form below.
|
Details |
Taxes |
Total expenditure |
Gross domestic fixed capital formation* |
|
|
€million |
€million |
€million |
|
Government Income & Expenditure 2015 |
50,736 |
75,243 |
4,346 |
|
2015 Gross Domestic Product - March 2016 |
214,623 |
214,623 |
214,623 |
|
% of GDP March 2016 |
23.6% |
35.1% |
2.0% |
|
2015 Gross Domestic Product - July 2016 |
255,815 |
255,815 |
255,815 |
|
% of GDP July 2016 |
19.8% |
29.4% |
1.7% |
Source: Central Statistics Office
* Gross domestic fixed capital formation does not include approximately €690m of Voted Capital expenditure such as Capital Grants that are not considered government investment in National Accounts. €690m represents c.0.32% of 2015 GDP (March 2016) or c.0.27% of 2015 GDP (July 2016).
