asked the Taoiseach if he will state in respect of each of the years 1958 to 1962 the amount of gross domestic capital formation financed by (a) public authorities, (b) statutory and semi-State bodies etc., and (c) other sectors.
Ceisteanna—Questions. Oral Answers. - Domestic Capital Formation.
1.
In the national income accounts the estimated total gross domestic capital formation is shown and the capital expenditure of public authorities is separately distinguished. No estimates are made of the amount of capital formation financed by statutory and semi-State bodies, etc. The only data available, relating to the sources of finance for the capital expenditure of such bodies, are the figures in the Capital Budget tables of the Capital Programme, issued in connection with the Budget. While these latter figures have not been prepared on exactly the same basis as those for the national income accounts, it is believed that for most of these bodies they are in accordance with national income accounting definitions.
I propose, therefore, with your permission, Sir, to circulate in the Official Report a statement giving estimates for the years in question of (a) the total gross domestic capital formation, (b) the total gross domestic capital formation financed by public authorities, (c) the total gross domestic capital formation financed by statutory and semi-State bodies from sources other than grants and loans from public authorities, (d) the total gross domestic capital formation financed otherwise. The data in (d) are obtained as a residual estimate from the other items.
Following is the statement:
ANNUAL gross domestic capital formation 1958-62*.
|
Category |
1958 |
1959 |
1960 |
1961 |
1962 |
|
£ million |
|||||
|
(a) Total gross domestic capital formation |
71.9 |
104.8 |
98.4 |
107.4 |
130 |
|
(b) Gross domestic capital formation financed by public authorities |
31.8 |
34.9 |
42.5 |
46.0 |
54 |
|
(c) Gross domestic capital formation financed by statutory and semi-State bodies etc., otherwise than from grants and loans by public authorities |
12.2 |
9.9 |
8.5 |
9.3 |
15 |
|
(d) = (a)—(b)—(c). Gross domestic capital formation financed otherwise |
27.9 |
60.0 |
47.4 |
52.1 |
61 |
*For gross domestic capital formation financed by public authorities and by statutory and semi-State bodies, etc., the years are the financial years commencing 1st April.