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Land Development Agency

Dáil Éireann Debate, Tuesday - 22 October 2019

Tuesday, 22 October 2019

Questions (651)

Pat Casey

Question:

651. Deputy Pat Casey asked the Minister for Housing, Planning and Local Government the contact his Department has had with EUROSTAT on the classification of the Land Development Agency as being on balance sheet; and if he will make a statement on the matter. [43549/19]

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Written answers

My Department was invited by the Central Statistics Office (CSO) to meet with, and brief,  EUROSTAT in relation to the Land Development Agency (LDA) as part of a routine EUROSTAT European Deficit Procedure (EDP) Dialogue visit to EU member states on 26 February 2019.

In relation to the classification of the LDA, it is understood that the CSO will not take a definitive view on this matter, until it can undertake a full analysis of the business plan and financial model of the LDA in the context of the primary legislation establishing the LDA as a commercial body.  Pending this review, the LDA has been classified by the CSO as a body within Government and I further understand that EUROSTAT concurred with this interim approach.

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