Michael Ring (Mayo, Fine Gael) | Oireachtas source

The Deputy knows that I will spend the money. We will draw down the money later but the money is being spent now, which is the most important element. It is vital that we spend the money. We are committed to schemes which are aimed at disadvantaged children, young people and their families, disadvantaged women, emerging needs groups and so on. The funding is being spent. We are spending the money now. The Department will be reimbursed by Europe when the regulation is signed.

See this speech in context