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WQ.303/2025
WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES
BY DEPUTY K.M. WILSON OF ST. CLEMENT
QUESTION SUBMITTED ON MONDAY 30th JUNE 2025
ANSWER TO BE TABLED ON MONDAY 7th JULY 2025
Question
"Will the Minister provide a breakdown of any capital project budgets from 2023 onwards that remain unspent and explain how those funds are either being reallocated or carried forward for 2026?"
Answer
The Annual Report and Accounts detail the capital project budgets that remained unspent in 2023 and 2024.
For ongoing projects, unspent 2023 balances were either reprofiled within the Capital Programme in Budget 2025-28 or transferred to project budgets in 2024 through MD-TR-2024-027 or MD-TR-2025-066.
Unspent balances from 2024 were either transferred to projects in 2025 or moved to the Central Reserve in 2025 through MD-TR-2024-230. Funds remaining in the Reserve will be allocated to project budgets later in 2025, reprofiled to future years through the Capital Programme in Budget 2026-29 or released to meet other financial requirements if they are no longer required.