Dáil Éireann Debate, Tuesday - 23 June 2015
231. Deputy Thomas Pringle asked the Minister for Finance the reason Irish Water was included in the Government balance sheet for the spring economic statement; the extent to which the inclusion of Irish Water affected the figures provided, in relation to the finances available for Government expenditure; and if he will make a statement on the matter. [18270/15]
View answerAs per Parliamentary Question No.163 of the 15th of April 2015 (14545/15) and Box 1 on page 15 of the April 2015 'Stability Programme Update' (SPU) Irish Water is provisionally classified within general government pending a final classification decision by Eurostat. This is a closed process and the CSO are now awaiting a final adjudication in relation to the matter. Following the decision the final treatment regarding classification will be reflected in the October EDP notification and 'Budget 2016' publication. The effect of this treatment on the general government figures as outlined on page 15 of the SPU can be summarised as follows:
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
|
|
Net impact on GGB (€ bn) |
-0.34 |
-0.58 |
-0.39 |
-0.26 |
-0.29 |
-0.45 |
-0.37 |
|
Net impact on GGB (pp of GDP) |
-0.18 |
-0.29 |
-0.19 |
-0.12 |
-0.13 |
-0.19 |
-0.15 |
|
Net impact on GGDebt (pp of GDP) |
0.08 |
0.29 |
0.47 |
0.57 |
0.67 |
0.83 |
0.95 |
Source: Department of Finance, CSO, Department of Environment, Community and Local Government
