Govt And Irish Water Accused of Alice In Wonderland Economics

The Government and Irish Water has been accused of using "Alice in Wonderland economics" by Sinn Féin TD and Spokesperson on the Environment Brian Stanley.

Deputy Stanley made the comment while questioning Minister Alan Kelly over reports that just 43% of Irish Water customers have paid their first water bill.

"Only a total of €30 million has been received so far in domestic charges. When this is offset against the cost of the water conservation grant, which has been budgeted to cost €32 million per quarter, the figures clearly illustrate that Irish Water is in deficit.

"That makes a mockery of the reason for establishing Irish Water as being to keep funding for water services off the state balance sheet.  The facts are that Irish Water and this Government have heaped huge sums through subsidies and various accountancy tricks onto the taxpayer. For this year alone, that comes to a total of €810 million. 

"With operational costs reaching a staggering €900 million, it becomes clear that this is an unsustainable economic model. Government hopes of collecting €271 million in domestic water charges for the year is currently an unreachable figure. Sinn Féin in our 2015 budget proposal, based on figures provided by the department of finance, afforded €300 million to make up for the shortfall of the abolition of domestic water charges."

(MH)