Oireachtas Joint and Select Committees

Wednesday, 18 January 2017

Joint Oireachtas Committee on the Future Funding of Domestic Water Services

Department of Housing, Planning, Community and Local Government, and Department of Finance

1:30 pm

Ms Maria Graham:

I am distinguishing between capital and operational expenditure that is reflected in some place in the Government accounts, because Irish Water is on balance sheet. Where the funding would come through to voted expenditure and capital contributions, is something different. The revenue that would have been scheduled for the domestic sector, which is the replacement revenue that we are looking at, is somewhere around €270 million. It is important to understand that is not just going against operational expenditure. In the model as set out in the business plan, that €270 million in revenue was being used to pay for the financing costs of some of the investment programmes. It was not just going against operational costs.