Dáil Éireann Debate, Tuesday - 15 October 2024
347. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage if LDA capital expenditure and LDA commercial borrowing is on the Government balance sheet; and his views on any balance sheet implications of shifting the State's equity from ISIF to the LDA by way of Government approved capitalisation. [41641/24]
View answerFor the purposes of National Accounts, the Land Development Agency (LDA) is considered part of the General Government Sector. As such, investments and borrowings made by the LDA will impact the General Government Balance Sheet. However, the transfer of funds from ISIF to the LDA is balance sheet neutral as the funds held by the National Treasury Management Agency are exchanged for shares of equivalent value in the Land Development Agency.
These funds are being invested by the LDA to further the development of affordable, cost rental communities all over Ireland, with a focus on compact urban growth to support the implementation of the National Planning Framework.
