Dáil Éireann Debate, Thursday - 18 May 2023
171. Deputy Rose Conway-Walsh asked the Minister for Housing, Local Government and Heritage the steps he is taking to ensure that there is no capital underspend in housing in 2023; and if he will make a statement on the matter. [23459/23]
View answerThe Capital Provision for Vote 34 - Department of Housing, Local Government and Heritage for 2023 is set out in the table below:
|
CAPITAL |
2023 |
|
CAPITAL |
2023 |
|
Gross |
€3.525bn |
|
Net |
€3.522bn |
The 2023 provision for my Department, Vote 34, is supplemented by €340m capital carried over from 2021.
Despite the extremely challenging situation of a very limited construction sector during the Covid pandemic and new challenges that emerged in 2022 with the significant level of price inflation, supply chain disruption and the war in Ukraine, my Department continues to work assertively to ramp up the scale of activity across all areas in 2023.
There has been an improvement in the delivery environment. Such improvement is supported by measures introduced by this Government in 2022 to address material inflation and energy costs, through the introduction of the Inflation/ Supply Chain Delay Co-operation Framework and now in 2023 additional support measures being put in place to address cost and viability issues and to incentivise the activation of an immediate pipeline of new commencements, thereby positively impacting on delivery as quickly as possible.
My Department reports to Government on a quarterly basis on capital expenditure across all key Capital programme areas including, Housing, Water, URDF. The report examines capital expenditure to date compared to profile; outlook for the year taking into account challenges on programmes and projects; and measures required to mitigate any significant risks. The report for the first Quarter 2023 will be brought to Government shortly. With strong activity across all capital spending areas of the Vote a capital underspend is not envisaged.
