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2009 Capital Envelope is €7.3Bn 2010 €6.6bn

  • 07-04-2009 05:59PM
    #1
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭


    Capital Spending was around €9.6bn in 2008

    Discuss the budget speech.

    "Exchequer capital allocation is to be set at €7.3 bn euro for 2009, which is greater than 5% of projected GNP"

    €6.6bn for 2010
    €5.5bn for 2011

    Obviously at least €1bn is earmarked to pay for roads that are already under construction in BOTH 2009 and 2010

    Road maintenance will be a considerable portion of the rest as will paying for trains and railway projects under construction or trains ordered.

    I will say that these sums are higher than I expected but also that they will be under constant downward revision over the next two years .

    Does anyone have any idea of how this money will be spent ??

    Backs of envelopes welcome.


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