Dáil Éireann Debate, Thursday - 5 November 2020
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Local Authority Funding
127. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the original loan amount and the outstanding loan repayments due by local authorities for loans received between 2008 and 2010, in tabular form. [34453/20]
Amharc ar fhreagraA significant change to local government structures took place in 2014 when town and borough councils were amalgamated with their county authorities. Information on borrowings sanctioned between 2008 and 2010 to each of the 88 local authorities is not readily available and its compilation would involve a disproportionate amount of time and work.
The table below gives an indication of the level of new loans for the relevant years for the 88 authorities combined, along with the level of repayments due for the years in question.
|
Year |
2008 |
2009 |
2010 |
|
New Loans |
€1,177,118,572 |
€789,714,251 |
€403,843,925 |
|
Repayment of Principal |
(€146,641,952) |
(€221,512,405) |
(€202,450,741) |
|
Early Redemptions |
(€370,731,741) |
(€118,933,367) |
(€392,846,512) |
In addition, the Local Government Audit Service undertakes an annual audit of the annual financial statements of each local authority. An overview of its findings is available at the following link:
https://www.housing.gov.ie/search/archived/current/category/local-government-audit-service/sub-type/annual-report/topic/activity/type/publications.
