Oireachtas Joint and Select Committees
Wednesday, 15 January 2014
Public Accounts Committee
Oversight of Irish Water: Discussion
9:50 pm
Mr. Paul McGowan:
In very broad terms, if an item of expenditure is deemed by us to be appropriate and legitimate, it is efficiently incurred and it derives a benefit over more than one year, typically that would be a capital asset rather than an operating investment, but there will always be grey areas.
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