Dáil Éireann Debate, Wednesday - 13 July 2022
204. Deputy Ged Nash asked the Minister for Public Expenditure and Reform the breakdown of the amount provided for in the Summer Economic Statement under budgetary decisions for additional capital investment; the breakdown of the amount currently allocated to each Department; the projected increase for 2023, in tabular form; and if he will make a statement on the matter. [38619/22]
View answerAs set out in the Summer Economic Statement, core capital expenditure will reach €11.7 billion in 2023, in line with the National Development Plan 2021-2030 (NDP). Departmental capital allocations for 2022 were published in the Revised Estimates Volume 2022. Core capital allocations by Department have also been provided in tabular form in Table 4.2 of the National Development Plan 2021-2030 document, out to 2025 for each Department. Final Departmental capital allocations for 2023 will be finalised over the coming weeks as part of the Budget 2023 preparations.
The NDP, published in October 2021, provides for total public investment of €165 billion over the period 2021- 2030. The NDP is the largest in the history of the State, with Ireland’s annual capital investment budget as a share of national income now among the highest in the EU. This funding will provide for key investment across sectors including health, education and transport while also investing in Ireland’s climate goals.
As Minister for Public Expenditure and Reform I am responsible for setting the overall capital allocations across Departments and for monitoring monthly expenditure at Departmental level. The responsibility for the management and delivery of the individual investment projects, within the allocations agreed under the National Development Plan (NDP), rests with the individual sponsoring Department in each case.
