Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Mr. John Coleman:

The commitment from Government had been, up until the budget announcement, €2.5 billion. There is a further €1.25 billion commitment that had come through as a result of the budget, so that is €3.75 billion in total. We are permitted to borrow €1.25 billion, which takes us up to €5 billion. I understand that the LDA Act will be amended to permit a further €1.25 billion to take us up to €6.25 billion.