Oireachtas Joint and Select Committees

Wednesday, 5 July 2017

Joint Oireachtas Committee on Housing, Planning, Community and Local Government

Finance for Social Housing: Irish League of Credit Unions (Resumed)

9:30 am

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

To be clear about the question, I am not asking Mr. Carville to comment on the discussions in respect of the possible redesignations. He should park that. Perhaps if I phrase the question differently, I will get the answer I am seeking. If, for example, a local authority was today to borrow money from the credit unions or the Housing Finance Agency, because a local authority is on-balance sheet, that borrowing will go to the Government debt. Would it also have an impact on the expenditure benchmark and the expenditure ceilings? It is the same question. It is an important thing for us to establish.

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