Oireachtas Joint and Select Committees
Wednesday, 15 January 2014
Public Accounts Committee
Oversight of Irish Water: Discussion
9:50 pm
Kieran O'Donnell (Limerick City, Fine Gael)
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Perhaps Mr. McGowan will clarify the difference between spending which he regards as an expense as distinct from an asset. If spending gives or derives an income that has a lifespan of more than a year, Mr. McGowan would consider that to be capital. Is that correct?