Capital spending outcomes fluctuate across eight-year period, Treasury figures show

Answer to MHK shows delivery rates ranging from 42% to 83%

Government figures show that the Isle of Man has delivered, on average, around 60 percent of its planned capital spending each year since 2016.

According to data provided by Treasury Minister Dr Alex Allinson in Tynwald, the amount of capital expenditure achieved has varied over the past eight years, with actual spending totals fluctuating between £32million and £84million per year.

Across the period, government departments planned a combined total of £969million in capital projects and delivered £538million. 

That equates to an overall delivery rate of just under 63 percent.

The proportion of planned work completed each year has ranged from 42 percent in 2017-18 to 83 percent in 2023–24. 

The highest cash amount spent was £84million in 2022–23, while the largest annual budget was £162million in 2021–22.

Dr Allinson said a review of the capital programme for the 2023–24 financial year resulted in a number of schemes being moved into design and feasibility stages to ensure they are “fully scoped and accurately costed” before proceeding. 

Departments have been using the Project Development Fund to support this preparatory work.

The figures suggest delivery levels have been more consistent in recent years, with a higher proportion of projects reaching completion compared with the earlier part of the period.