Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Mr. John Coleman:

My understanding of the Government balance sheet is with reference to whether, if the LDA borrowed money, those borrowings would be included in the Government borrowings. My understanding is that they would. In respect of this expenditure of the LDA, it is outside voted expenditure because of its source, which is the Ireland Strategic Investment Fund, ISIF. They may be the two different things we are talking about. That is why we are not included in voted expenditure but that is different to the balance sheet issue.