Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

My final question relates to a different topic, namely, the establishment of Irish Water. Now that the debts of local authorities - from borrowings relating to PPP arrangements, etc., for their water investment programmes - are being transferred to a semi-State agency, what proportion of the national debt will be transferred from general government debt to the debt of the said agency? Will Mr. Moran clarify whether VAT will be payable on water supplied?