Ceisteanna—Questions. Oral Answers. - Investment Plan 1981.
- Investment Plan implementation reports 11 speeches
The Minister says implementation is under way and departments are preparing quarterly profiles of expenditure and employment; the first profile is still being prepared.
John M. Kelly, Gene Fitzgerald, Garrett Fitzgerald
- Private-sector investment commitments 17 speeches
Kelly asks whether private firms have legally binding commitments toward the plan’s £200 million target. Fitzgerald says about £150 million has been allocated or covered but does not confirm binding commitments; he offers to provide quarterly reports to Deputies.
John M. Kelly, Garrett Fitzgerald, Padraig Faulkner
- Construction activity and public works orders 7 speeches
FitzGerald challenges the claim that the plan is on target, citing a lack of new construction orders and public works. The Minister says spending is on target and points to rising cement sales, rejecting the claim that public orders have not come through.
Garrett Fitzgerald, Padraig Faulkner
- Private-sector commitments clarified 4 speeches
Kelly again asks whether private-sector commitments totalling £150 million are legally binding. The Minister says he can contradict Kelly’s claim but does not provide the requested clarification before the exchange ends.
John M. Kelly, Padraig Faulkner, Garrett Fitzgerald
asked the Minister for Finance to what extent the programme outlined in the Investment Plan 1981 is now being implemented.
Comment on this
Implementation of the various programmes provided for in the Investment Plan 1981 is under way.
Comprehensive arrangements have been made for monitoring progress with the implementation of the plan. Departments having responsibility for overseeing the different programmes have been asked to provide my Department with quarterly profiles of plan implementation, with special reference to jobs provided. Progress on the ground, as well as actual expenditure and employment, will be monitored by reference to these profiles, so that corrective action can be taken where a departure from plan might otherwise occur. The first comprehensive review of the different aspects of plan implementation is not yet completed, but the Exchequer returns for capital expenditure indicate that the plan is on course.
Comment on this
Could the Minister please speak up? I did not catch one word that the Minister said.
Comment on this
Implementation of the various programmes provided for in the Investment Plan 1981 is under way.
Comprehensive arrangements have been made for monitoring progress with the implementation of the plan. Departments having responsibility for overseeing the different programmes have been asked to provide my Department with quarterly profiles of plan implementation, with special reference to jobs provided. Progress on the ground, as well as actual expenditure and employment, will be monitored by reference to these profiles, so that corrective action can be taken where a departure from plan might otherwise occur. The first comprehensive review of the different aspects of plan implementation is not yet completed, but the Exchequer returns for capital expenditure indicate that the plan is on course.
Comment on this
Is it not correct to say that this plan was issued by the Government contemporaneously, or more or less so, with the budget at the end of January and has not more than a quarter of a year gone by since then? Where is the quarterly report for the first three months of this investment plan?
Comment on this
I have explained to the Deputy that the expenditure is on target. Perhaps I should further explain what has been decided, that, first of all, we have a Cabinet sub-committee. To provide the necessary information for that committee, my Department have arranged, through the planning units in all the various Departments responsible for overseeing the various projects in the plan, that quarterly reports should be furnished showing the plan progress for each quarter of the year and the main capital projects set out in the plan. An expenditure and employment creation profile for each quarter will also be provided. Actual physical progress on each of these projects for each quarter of the year will be provided in due course, together with actual job expenditure and job creation figures.
Comment on this
Does the Minister think that that is an answer to my question? Why, with more than three months gone by since the publication of this plan, has no quarterly profile yet been provided?
Comment on this
Could I concentrate, for a couple more questions, on just one aspect of this investment plan, namely the private sector participation aspect? Could the Minister tell us, between three and four months after the publication of this plan, how many definite projects have been undertaken by the private sector as part of his £200 million target, projects which now can be described as having a legally binding quality, and for what sum of money?
Comment on this
It is not part of the investment plan. The investment plan is a physical plan on the ground.
Comment on this
It is part of the funding of the plan and is an entirely separate question. I did recently explain how approximately £150 million of that £200 million was being covered.
Comment on this
Could I just get this point clear? Is the Minister saying that he has commitments, in the context of his budget target, of a legally binding quality from the private sector for sums totalling £150 million?
Comment on this
I explained how £150 million of that money was being allocated. If the Deputy wishes to put down a specific question, he may do so.
Comment on this
The Minister can take it that this Deputy would like to have them, for a start anyway. Secondly, could the Minister explain how the statement about being on target as regards progress is to be reconciled with the statement, to which I referred yesterday, by the Construction Industry Federation that they cannot trace new orders being made, that a large part of their workforce are already out of work and no new work is coming from public sources? How does the Minister reconcile his statement with that statement from the people who would be actually involved in constructing things, if anything were being constructed?
Comment on this
I repeat that from a financial expenditure point of view the plan is on target. Yes, the Deputy yesterday did push me. Let me say that I have no basis for the statements of Deputy FitzGerald and I had no prior notice. A specific reference was made to the building industry yesterday. Cement sales are always regarded as useful indicators of trends in the building industry, and cement sales have risen in each of the last two quarters, which suggests that recovery in building work is already well under way.
Comment on this
——which have not come through, despite the Minister's attempt to indicate that they have.
Comment on this
I do not accept that that is the position, nor did I yesterday, nor will I tomorrow. On 31 March——
Comment on this
I still have no reply to the specific question I asked. Have the private sector committed, in a legally binding way, £150 million?
Comment on this
The answer is no, and I hope the Minister does not seriously deny that. We propose to say that.