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National Development Plan

Dáil Éireann Debate, Tuesday - 24 July 2018

Tuesday, 24 July 2018

Questions (175)

Jonathan O'Brien

Question:

175. Deputy Jonathan O'Brien asked the Minister for Finance if a proposal (details supplied) will be costed. [32461/18]

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Written answers

As the Deputy has asked a number of very similar questions in the past month he may wish to contact my officials directly on these issues if the answers provided thus far have not addressed his queries sufficiently.

Alternatively, or in addition, the Deputy may also wish to avail of the services of the Parliamentary Budget Office as a source of financial and budgetary intelligence and advice.

In terms of the Deputy’s current proposal, compared to the proposal addressed in Question No. 163 of 11 July 2018, the difference is an additional €320 million in capital expenditure over the years 2019 - 2023.

For the years 2019 - 2021 there is an additional €10 million per year relative to the Deputy's last proposal. This increased expenditure would represent a further cost of c. €2.5 million, c. €5 million and c. €7.5 million of fiscal space in 2019, 2020 and 2021 respectively, in addition to that set out in my last response (Question No. 163).

The ratios of Exchequer capital expenditure to GDP and GNI* are unchanged to that set out previously.

The details are set out in the following table.

 -

2019

2020

2021

2022

2023

a. National Development plan, € millions

7,300

7,900

8,600

8,900

9,400

b. Alternative Plan, € millions

8,510

9,110

9,710

10,390

11,100

c. (=b-a) Additional expenditure, € millions

1,210

1,210

1,110

1,490

1,700

d. Impact of c on fiscal space after smoothing, € millions

302.5

605.0

882.5

n/a

n/a

e. Alternative Plan, per cent of GNI*

3.8

3.9

4.0

n/a

n/a

f. Alternative Plan, per cent of GDP

2.6

2.6

2.7

n/a

n/a

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