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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (Resumed) (8 May 2024)

Michael McGrath: ...deal first with the issue of corporate tax and the OECD, which Deputy Durkan raised. It is very difficult to make a prediction when it comes to corporate tax reform and the potential cost for Ireland. There are scenarios in which, if pillar 1 is agreed and implemented in 2026, the cost could be greater than we have already provided for. There are certainly scenarios that point to that....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (Resumed) (8 May 2024)

Michael McGrath: ...1,800 acquisitions and 2,000 were delivered through leasing programmes. More than 4,000 affordable housing supports were delivered in 2023 via approved housing bodies, AHBs, local authorities, the Land Development Agency, LDA, the first home scheme, cost rental, the tenant in situ scheme, the vacant property refurbishment grant and so on. We can see the scale of what is being done and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (Resumed) (8 May 2024)

Michael McGrath: ...direct Exchequer capital and the role of the LDA, which is growing and expanding all the time. There is capacity of up to €5 billion supporting the LDA to deliver approximately 21,000 units on lands in the medium to long term. 5,000 units are to be delivered under Project Tosaigh which delivers units on private land. I have highlighted what I am doing in relation to funding...