Dáil Éireann Debate, Tuesday - 11 November 2014
495. Deputy Brian Stanley asked the Minister for the Environment, Community and Local Government the amount Irish Water will take indirectly from household charges in 2015, net of all allowances and social welfare assistance. [42868/14]
View answerIrish Water's costs in the coming years will be funded through a mix of revenue from the domestic and non-domestic sector, third party finance (including bank lending and capital markets facilities) and State support which may be in the form of both equity and subvention. The Government have decided to provide the following subvention to Irish Water in 2015 and 2016:
- An average subvention of €537m in each of the two years, and
- Provision of just over €400m in 2015 and 2016 to support increased investment in public water services, including the provision of a “first fix scheme” by Irish Water.
This funding package for 2015 and 2016 builds on the Exchequer funding being provided to Irish Water in 2014, which includes €239m that will be used to primarily fund the core capital expenditure programme of Irish Water.
In addition, Irish Water will receive a subvention of some €440 million from the Local Government Fund in 2014, which will fund water-related expenditures incurred heretofore by local authorities and which would, historically, have been met by local authorities from their own resources, non-domestic water charge revenues and general purpose grants from the Fund. It is anticipated that Irish Water will finance other costs from non-domestic water charge revenues of some €190m and from borrowing, which will be the subject of appropriate Ministerial consents.
Social protection measures are a matter for my colleague, the Tánaiste and Minister for Social Protection.
