Oireachtas Joint and Select Committees
Thursday, 8 February 2018
Joint Oireachtas Committee on Housing, Planning and Local Government
Reclassification of Approved Housing Bodies: Discussion
9:30 am
Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source
I apologise for focusing on this but it is the nub of the dilemma and I am anxious to understand it. From the point when redesignation happens all of that expenditure is on-balance sheet. Suddenly, an expenditure of €250 million that was not part of the original calculations of the Government in its agreement with the European Commission for this year is now going to be part of Government expenditure. Is the witness saying that, for accounting purposes, it will not be factored in at all this year and it is only from-----
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