Mr. Derek Moran:

I might kick off with Irish Water. I agree that when one looks at the Byzantine funding of it through various channels such as the Vote, the local government fund, equity injections and loan financing, it is a strange structure. That was recognised and water charges were abolished. This has been tidied up since 1 January 2018 and all funding going to Irish Water will go through the Vote of the Department of Housing, Planning and Local Government. That should give the clarity that the Deputy is looking for on where the money is coming from and what it is going there for. That should be seen in the 2018 accounts for the Department of Housing, Planning and Local Government.

Irish Water's commercial borrowings are to be replaced by what we call a central funds stability scheme. In other words, the National Treasury Management Agency, NTMA, will borrow on its behalf, rather than have it borrow commercially, to get that funding more cheaply.