Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein)
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AIB, that is okay. Let us hope I can get to the bottom of this. Now the agency has €3.75 billion. Then Mr. Coleman stated, "the Government ... has signalled its intention to raise our total capitalisation to ... €6.25 billion ...". The agency is at €3.75 billion.

The agency needs another €2.5 billion, including the provision to borrow €1.25 billion. Mr. Coleman indicated in the opening statement that €1.25 billion will need to be borrowed. Is that correct? Where will the other €1.25 billion come from?