Dáil Éireann Debate, Thursday - 18 November 2021
184. Deputy Cian O'Callaghan asked the Minister for Housing, Local Government and Heritage the housing capital underspend to date in 2021; the amount he expects will be carried forward into 2022; if this will exceed the 10% cap; and if he will make a statement on the matter. [56663/21]
Amharc ar fhreagraMy Department reports to Government on a quarterly basis on Capital expenditure. To the end of September the Capital Expenditure for Vote 34, Housing, Local Government and Heritage is €1,029m which is €334m or 25% behind the published profile of €1,363m.
Capital expenditure in 2021 progressed slower than profiled as a result of a restricted operating environment under Covid-19 health and safety protocols. The Finance Act 2004, section 91, provides for the carryover of up to 10% of the REV allocation (Capital) from one year to the next.
For 2022, I have confirmed to the Minister for Public Expenditure and Reform that I am seeking full capital carryover of 10%, amounting to €275.8m. The details of the source and subsequent allocation of that funding will be published in the REV later this year.
