Budget blow as new charges needed for network repair

The EU Commission, the IMF and the Irish Fiscal Advisory Council have all called on the government to stick to the existing €2 billion plan.

22nd June, 2014

The government’s budget sums have been made more difficult by the fact that all the first year’s revenue from the water charges will have to go towards fixing urgent problems in the water network.

Senior sources say that the money collected from the charges, expected to be between €350 million and €450 million, will not – as had been thought – be available to cut borrowing next year, but instead will...

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