Dáil Éireann Debate, Tuesday - 24 April 2018
129. Deputy Eoin Ó Broin asked the Minister for Finance the progress he and his officials have made on examining the impact of the EUROSTAT reclassification of tier 3 AHBs to become part of the local government subsector; and if he will make a statement on the matter. [17858/18]
View answerSince the decision by the Central Statistics Office to reclassify 15 Approved Housing Bodies as part of the local government sector, i.e. within the general government, my officials have engaged with these bodies in order to obtain the required inputs to compile the fiscal forecasts for the period 2018 - 2021. These figures are reflected in the Stability Programme Update 2018.
For 2018, the practical implication of this is to raise the general government debt by circa €100 million (0.03 per cent of GDP) and to increase the general government deficit by €470 million (0.15 per cent of GDP).
