Dáil debates
Wednesday, 23 October 2013
Other Questions
Housing Finance Agency Funding
2:20 pm
Barry Cowen (Laois-Offaly, Fianna Fail) | Oireachtas source
That is fine but if it is an accounting exercise, it should not necessarily be described as a saving because it will be paid, regardless of the time of year at which it is paid. It only builds up people's expectations that if a saving of €15 million is being made, that sum would be available for purchases for some other section of the Department. As I stated earlier, the accounting exercise Members heard regarding the budget announcement was contradicted previously, when the Minister of State indicated the €30 million coming from the lottery fund on foot of the announcement by the Minister, Deputy Howlin, would be subsumed in the loss and the cut in respect of capital expenditure anyhow.
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