Oireachtas Joint and Select Committees

Tuesday, 7 February 2017

Joint Oireachtas Committee on the Future Funding of Domestic Water Services

NewERA, National Treasury Management Agency

12:00 pm

Ms Eileen Fitzpatrick:

The working capital loans are generally provided to make up the difference between expected cash inflows and actual cash inflows. In the context of the suspension of domestic water charges, the capital loan, which was €96 million, was converted into equity because a working loan is not typically for ongoing operational use.