Tuesday, 2 July 2019

Questions (208)

Michael McGrath


208. Deputy Michael McGrath asked the Minister for Finance if the €600 million outlined in annexe 1 of the summer economic statement is incorporated in the indicative nominal budgetary package in table 6 of the statement; and if he will make a statement on the matter. [27952/19]

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Written answers (Question to Finance)

The calculation of the available 2020 budgetary package in the Summer Economic Statement 2019, based on projections as set out in the Stability Programme Update 2019, is consistent with a:

€0.7 billion increase in capital expenditure;

€1.5 billion increase in current expenditure; and

€0.6 billion allocated for taxation measures.

This amounts to an overall nominal budgetary package of €2.8 billion for 2020, as set out in Table 6.

The table in Annexe 1 is consistent with this package but presents the amounts in fiscal space rather than nominal terms. This means that care must be taken when comparing capital expenditure amounts.

Question No. 209 answered with Question No. 204.