Dáil Éireann Debate, Tuesday - 17 October 2023
182. Deputy Rose Conway-Walsh asked the Minister for Public Expenditure, National Development Plan Delivery and Reform the total projected capital spend in 2023 broken down by core and non-core and what it represents as a percentage share of GNI; and if he will make a statement on the matter. [45295/23]
View answer183. Deputy Rose Conway-Walsh asked the Minister for Public Expenditure, National Development Plan Delivery and Reform the total projected capital spend in 2024 broken down, by core and non-core, and what it represents as a percentage share of GNI; and if he will make a statement on the matter. [45296/23]
View answer184. Deputy Rose Conway-Walsh asked the Minister for Public Expenditure, National Development Plan Delivery and Reform the total projected capital spend in 2025, and what it is projected to represent as a percentage share of GNI; and if he will make a statement on the matter. [45297/23]
View answerI propose to take Questions Nos. 182, 183 and 184 together.
As Minister for Public Expenditure, NDP Delivery, and Reform I am responsible for setting the overall capital allocations across Departments. Over the lifetime of this NDP out to 2030, the government is investing €165 billion in new and upgraded infrastructure that will meet the needs of our growing population. This year alone over €12 billion will be invested from the Exchequer in vital infrastructure projects. The NDP includes agreed Exchequer allocations for each Department for a five year period (2021 to 2025) and the overall capital expenditure ceilings out to 2030.
The following table sets out total allocated capital expenditure as a percentage of GNI* for the period 2023 – 2025. Total allocated capital expenditure is as set out in the National Development Plan 2021-30. Additional capital expenditure of €0.25 billion is also included for 2024 along with an additional €0.75 billion in 2025 from windfall exchequer receipts, to be allocated to critical infrastructure projects that are at an advanced stage.
As the Deputy will note our NDP investment is well above the recent EU average of 3% of national income. This represents a solid pipeline of activity that will have a transformative impact on employment opportunities, economic development and regional growth to support our growing population through the provision of new homes, schools, roads and hospitals.
|
Year |
Total Capital €,m |
Of which Core €,m |
Of which non-Core €,m |
Capital as % of GNI* |
|
2023 |
12,100 |
11,566 |
534 |
4.1% |
|
2024 |
13,103 |
12,560 |
543 |
4.3% |
|
2025 |
14,352 |
13,442 |
910 |
4.5% |
