Dáil Éireann Debate, Tuesday - 11 November 2014
206. Deputy Catherine Murphy asked the Minister for Finance if the development contribution fund located at local authority level continues to be set against the general Government deficit; if so the dialogue there is between the Department of the Environment, Community and Local Government and his Department; and if he will make a statement on the matter. [43061/14]
View answerThe development contribution fund is included within the general government figures under the area of local government. As all entities classified within the general government sector contribute to the formation of the overall government balance, expenditure financed by these funds count as general government expenditure in the year it occurs. Similarly, development contributions are regarded as general government revenue in the year that they are received.
There has been no specific dialogue on this matter between this Department and the Department of Environment, Community and Local Government in the recent past.
