Dáil Éireann Debate, Tuesday - 4 October 2022
287. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total expected capital underspend in his Department budget for 2022; the line items where this under spend is expected to occur; the total capital carryover into Budget 2023; and the areas that this specific money has been allocated to in 2023. [48292/22]
View answerAs the Deputy is aware, construction, and consequently expenditure on construction related activities, are significantly impacted as a result of ongoing economic issues including the restricted operating environment under Covid-19 health and safety protocols that prevailed up to early 2022 coupled with the significant level of price inflation to construction materials; supply chain disruption and inflation in the prices of fuel and energy.
Despite the very challenging context my Department continues to engage proactively on a range of measures to manage, mitigate and expedite where possible throughout 2022.
The Finance Act 2004, section 91, provides for the carryover of up to 10% of the REV allocation (Capital) from one year to the next.
For 2023, I have confirmed to the Minister for Public Expenditure and Reform that I am seeking full capital carryover of 10%, amounting to €340m. The details of the source and subsequent allocation of that funding will be published in the REV later this year.
At this stage, I have signaled that the carryover will be applied as follows:
|
A.3 - LOCAL AUTHORITY HOUSING |
€240m |
|
B.5 - IRISH WATER |
€96.5m |
|
F.8 - PEATLANDS RESTORATION, CONSERVATION & MANAGEMENT |
€3.5m |
