Sorca Clarke
Question:479. Deputy Sorca Clarke asked the Minister for Agriculture, Food and the Marine his Department's capital underspend, if any, in 2023; and his Department's projected spend for 2024. [17419/24]
View answerTuesday, 23 April 2024
Questions (479)
Written answers
Details of my department's 2023 capital spend are outlined in the table below.
Table 1: 2023 Department of Agriculture, Food and the Marine capital spend.
|
|
€000 |
|
2023 Capital Allocation |
456,446 |
|
Plus Capital Carryover from 2022 into 2023 |
27,500 |
|
Total 2023 Capital Allocation |
483,946 |
|
2023 Capital Expenditure |
419,622 |
|
2023 Capital Saving |
64,324 |
My department's 2024 capital allocation is €363.9m. This is made up of the 2024 allocation of €318.3m plus a capital carryover from 2023 into 2024 of €45.6m. This allocation will continue to underpin the sustainable development of Ireland’s farming and marine sectors by funding schemes such as the On Farm Capital Investment Scheme (TAMS) and the Forestry Programme.
In addition, the capital allocation enhances competitiveness, by strengthening the socioeconomic fabric of coastal areas, by developing projects for activities associated with the fishing and aquaculture sectors.