Pearse Doherty
Ceist:133. Deputy Pearse Doherty asked the Minister for Finance the level of capital expenditure required for gross fixed capital formation to account for 3% of GDP in each of the years 2020 to 2025. [50102/19]
Amharc ar fhreagraTuesday, 3 December 2019
Ceisteanna (133)
Freagraí scríofa
As the Deputy is aware the Department of Finance's macro-economic and fiscal projections currently cover the period to 2024. These set out that general government gross fixed capital formation will be c.2.5 per cent of GDP.
Using the more appropriate measure of the Irish economy, this is equivalent to an average of 4.4 per cent of modified GNI (GNI*).
The nominal amounts equivalent to 3 per cent of both GDP and GNI* are shown below.
|
€ millions |
2020 |
2021 |
2022 |
2023 |
2024 |
|
3 per cent of GDP |
10,540 |
10,955 |
11,420 |
11,895 |
12,375 |
|
3 per cent of GNI* |
6,110 |
6,320 |
6,545 |
6,765 |
6,985 |
Questions Nos. 134 and 135 answered with Question No. 131.