Govt places Irish Water on balance sheet

Irish Water has been provisionally placed on the Government's balance sheet as one of the bodies included in the Central Government Sector.

That is according to the Central Statistics Office, which today updated the Register of Public Sector Bodies in Ireland.

As a result, Irish Water will be included in Government borrowing figures under the Excessive Deficit Procedure.

According to the CSO website, the move to provisionally place Irish Water on the Government balance sheet was agreed as a "prudential" measure.

A classification proposal on Irish Water is currently with Eurostat.