Jennifer Carroll MacNeill
Ceist:247. Deputy Jennifer Carroll MacNeill asked the Minister for Finance the amount of capital allocated to non-voted expenditure in 2020; and if he will make a statement on the matter. [55674/21]
Amharc ar fhreagraThursday, 16 December 2021
Ceisteanna (247)
Freagraí scríofa
An amount of €1.9 billion was spent through non-voted capital expenditure in 2020.
The vast majority of this is composed of short-term, technical loans for the purposes of cash flow, including €600 million to the Social Insurance Fund, €670 million to cover payments from the European Agriculture Guarantee Fund, and a further €253 million to the Supply Account. All of these were recouped in-year or in the early months of 2021.
A further €372 million loan was advanced to Irish Water, under an agreement to repay Irish Water’s existing non-domestic commercial debt and to fund its future non-domestic water borrowing requirements.
The remaining non-voted capital expenditure is composed of €17 million in various investments to international bodies provided for under such legislation as the Development Banks Act 2005, and an amount of €0.4 million to the Carbon Fund under the Carbon Fund Act 2007.