Sorca Clarke (Longford-Westmeath, Sinn Fein)
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87. To ask the Minister for Housing, Planning, and Local Government the number of local authorities that have an approved overdraft; and the levels of same by local authority, in tabular form. [62083/21]

Peter Burke (Longford-Westmeath, Fine Gael)
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Local authorities occasionally borrow money to finance necessary or planned capital programmes such as land purchases for housing, upgrades in public lighting, libraries, parks or greenways. Local authorities also borrow by means of short term annual overdrafts to ensure the smoothness of cashflow throughout the year. Borrowing by local authorities is a reserved function, meaning that applications must include a resolution of the elected members. The table below details the overdrafts that were sanctioned for 2021 and the maximum level to which the overdraft could extend.