Pressure mounts on housing minister to explain source of ‘mystery €6 billion’ LDA funding

Leo Varadkar said the extra funds for the Land Development Agency did not form part of budget package as it was an off-balance sheet transaction

Darragh O’Brien, the Minister for Housing, announced on Budget day that he intended to seek approval to increase the LDA’s funding by €6 billion. Picture: Getty.

Housing Minister Darragh O’Brien should explain the source of the “mystery €6 billion” in funding for the Land Development Agency (LDA) announced on Budget day, Ivana Bacik has said.

“It is not just in healthcare that we find gaping holes in the Taoiseach's Government budget. There are missing billions in housing too,” the Labour leader said in the Dáil on Tuesday.

Taoiseach Leo Varadkar responded that the government was “working on that” and pledged that ...