Dáil Éireann Debate, Wednesday - 18 September 2013
232. Deputy Catherine Murphy asked the Minister for Finance the dates on which funds from the Local Government Fund have been transferred to the Central Fund in 2013 under section 7 of the Motor Vehicles (Duties and Licences) Act 2013 and the amounts in each case; and if he will make a statement on the matter. [38526/13]
View answerThe Motor Vehicle (Duties and Licences) Act 2013 provides for the transfer of up to €150 million from the Local Government Fund to the Exchequer during 2013. The Act provides that in determining the payment, regard must be had to the balance in the Fund when all commitments have been met. The transfer is in respect of 2013 only. Some €46.5 million transferred to the Exchequer from the Local Government Fund in 2012 in two tranches -€23.5 million on 20 September 2012 and €23 million on 13 December 2012. There has been no transfer as yet for 2013. Last year was the first in which a payment to the Exchequer was made from the Fund. This is a balanced approach to meeting the needs of local authorities through the Local Government Fund and ensuring all sectors and sections of society make an appropriate contribution to tackling the financial situation.
