asked the Minister for Local Government the total indebtedness of local and municipal authorities in Ireland, and the amount necessary to service this debt.
Ceisteanna—Questions. Oral Answers. - Local Authority Indebtedness.
7.
For information as to the indebtedness of local authorities at 31st March, 1966, the latest date in respect of which particulars are available, I would refer the Deputy to my reply of the 17th May, 1966, to Question No. 11 by the Deputy. The estimated amount necessary to service that debt in the year ended 31st March, 1966, was £14.28 million.
Living on borrowed money and borrowed time.