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Stanley accuses Government of ‘cooking the books’ on Irish Water

17 December, 2014 - by Brian Stanley TD


The Sinn Féin spokesperson on the Environment Brian Stanley TD has accused the Government of ‘cooking the books’ in relation to the financing of Irish Water.

He was referring to new figures which prove that the Government is continuing to provide a huge amount of taxpayer’s money to the new entity.

Deputy Stanley said;

“To date over €1 billion has been spent on setting up the corporate monster that is Irish Water. It has taken €486 million from the Local Property Tax that was supposed to go to local authorities to provide for local services and amenities. They are paying out €130 million in so-called water conservation grants without any conservation requirement, and Irish Water is being made exempt from €59 million in rates payable to local authorities.

“Last evening in the Dáil we learned that the Government is going to land the taxpayer with another €460 million in loans that local authorities owe on water infrastructure. This will not now transfer to Irish Water, but instead will be paid by the Minister for Finance, which of course means that the public picks up the tab.

“Not alone is the Government continuing to throw huge amounts of money at Irish Water, but they are going to extraordinary lengths using the strangest of accountancy techniques to ensure that Irish Water meets with Eurostat criteria on state aid.  This whole project is built on the sands of deception and sleight of hand.”

ENDS

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