Oireachtas Joint and Select Committees
Thursday, 28 February 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
9:00 am
Mr. John McCarthy:
It was hard to estimate what level of take-up there might be. The €200 million over three years was based on the extent to which borrowing actually was happening in local authorities up until then.
We felt that the €200 million over three years was a reasonable first intervention. It was really a case of putting it out there to see what progress is made.