Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Mr. John Coleman:

In time, there would be a surplus that we would reinvest in affordable housing delivery. The equity piece is already included on the Government balance sheet, say, through ISIF. It has just been allocated to another line item, the LDA, on the government balance sheet. Therefore, it is balance sheet neutral. I think the point the Deputy is getting to is if the LDA borrowed, would that be on the government balance sheet and increase the government debt?