Written answers
Tuesday, 21 October 2014
Department of Finance
Water Charges Yield
Michael McGrath (Cork South Central, Fianna Fail)
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247. To ask the Minister for Finance the net revenue which will be generated from the application of domestic water charges in 2015 taking account of each of the measures relating to water charges announced in the budget; and if he will make a statement on the matter. [40442/14]
Michael Noonan (Limerick City, Fine Gael)
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Revenues from the application of water charges will accrue to Irish Water and will not be transferred to the Exchequer.
It is estimated that the tax relief on water charges announced in the Budget will cost €40 million approximately, the value of which will be provided to those who qualify for the tax relief.
The expenditure measures announced to assist those on certain social welfare payments are primarily a matter for the Minister for Social Protection.
As the Deputy will be aware, the Department of the Environment, Community and Local Government has primary responsibility for Irish Water.
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