Oireachtas Joint and Select Committees
Thursday, 10 October 2024
Joint Oireachtas Committee on Housing, Planning and Local Government
Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion
1:30 pm
Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source
My maths and my ability to add and subtract is far inferior to that of Mr. O'Sullivan. We have not had access to the full copy of the NewERA report that looks into the business plan. We got a very redacted copy of it. One of the interesting things about that is it was saying last year it needed an extra €5.7 billion of capitalisation. That is not the borrowing requirement or the other sources. It needed €5.7 billion. It has now been given €2.5 billion, which was agreed at Cabinet in December, legislated for in January, and it got the other €2.5 billion that has just been announced and will be in this Bill. My maths says that means it is €3.2 billion short of the €5.7 billion capitalisation it requires. Am I wrong?
No comments