In response to the deteriorating position of the public finances, the Government decided on 8th July 2008 to introduce a range of cost-saving measures in 2008 and 2009 including some capital savings. As I indicated to the Dáil in July 2008, the capital savings in 2008 and 2009 are as set out in the table below:
Capital Savings 2008 and 2009
|
€ million
|
Description
|
2008
|
|
|
Arts Sport and Tourism
|
4
|
Deferral of some tourism and cultural projects
|
Environment, Heritage and Local Government
|
40
|
Defer Gateways Innovation Fund (GIF)
|
Finance Group — OPW
|
75
|
Mainly decentralisation
|
Transport
|
20
|
Savings across a range of capital projects
|
2009
|
|
|
Environment, Heritage and Local Government
|
100
|
Defer Gateways Innovation Fund (GIF)
|
Finance Group — OPW
|
105
|
Mainly decentralisation
|
Various Vote Groups
|
105
|
Various capital projects deferred
|
Other issues relating to capital investment under the NDP are now being considered in the context of the Budget.