Regional Group of TDs urge Government for accountability and Regional rebalance with Capital Supply Service and Purpose Report Bill 2023.
I along with my colleagues in the Regional Group of TDs welcome that the Capital Supply Service and Purpose Report Bill 2023, a Private Members’ Bill introduced by Deputy Matt Shanahan passed Second Stage.
The Bill, which passed Second Stage in the Dáil today with unanimous cross-party and Government support, aims to establish a comprehensive and transparent reporting platform for capital asset development. The Regional Group of TDs call for additional accountability and regional rebalance with Capital Supply Service and Purpose Report Bill 2023.
The Regional Group of TDs state that when enacted, the Bill will require all Ministers to annually submit a report on capital allocations and grant disbursements above €500,000 to both Houses of the Oireachtas. This will provide valuable insights currently unavailable into the allocation of exchequer funds across the country. This platform will ensure equitable access to funding and highlight regional inequities that need to be addressed.
The Bill has undergone a rigorous drafting process, taking into account legal advice to ensure compatibility with ongoing state procurements and contracts. It will provide a comprehensive national analysis of all Government capital allocations, including project names, locations, and development stages. Additionally, it will shed light on instances where unspent funds have been redirected to other asset allocations.
Regional Group TDs emphasise the importance of this Bill as it aims to ensure regional fairness in exchequer spending patterns.
The Regional Group are delighted with their commitment to progressing this, Bill. The next stages of the bill are eagerly anticipated, and the Regional Group of TDs urge its swift enactment to promote transparency and equitable distribution of capital assets throughout the country.