Written answers

Tuesday, 7 November 2017

Department of An Taoiseach

General Government Debt

Photo of Barry CowenBarry Cowen (Offaly, Fianna Fail)
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88. To ask the Taoiseach the estimates for the potential change to the general government deficit and debt of the reclassification of approved housing bodies from non-profit to general government under the European system of accounts (details supplied). [47133/17]

Photo of Joe McHughJoe McHugh (Donegal, Fine Gael)
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The classification of the Approved Housing Bodies (AHBs) is currently being reviewed by the CSO in response to an action point arising from the 2017 EDP Dialogue Visit to Ireland by EUROSTAT. This work is still in progress with priority being given to the larger AHBs - comprising Tier 3 of the voluntary regulatory structure. Part of this review is the compilation of data on the finances of the AHBs. Until this work is complete it is not possible to estimate the potential impact of any reclassification. Any potential impact on the government deficit and debt should a reclassification take place would be confined to that arising from private sources of financing to the AHBs as any financing of these organisations by government is already reflected in the government deficit and debt figures.

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