196. Deputy Michael McGrath asked the Minister for Finance if the purchase by the State in the form of a special purpose vehicle, SPV, or other such wholly owned State instrument, of distressed principal private dwelling mortgages to facilitate the roll-out of a mortgage to rent scheme on a grand scale would likely constitute an on-balance sheet or off-balance sheet transaction in terms of the Government accounts; if such a purchase would be regarded as capital or current expenditure in terms of the domestic and EU fiscal rules; and if he will make a statement on the matter. [24649/17]

Summary

196. Deputy Michael McGrath asked the Minister for Finance if the purchase by the State in the form of a special purpose vehicle, SPV, or other such wholly owned State instrument, of distressed principal private dwelling mortgages to facilitate the roll-out of a mortgage to rent scheme on a grand scale would likely constitute an on-balance sheet or off-balance sheet transaction in terms of the Government accounts; if such a purchase would be regarded as capital or current expenditure in terms of the domestic and EU fiscal rules; and if he will make a statement on the matter. [24649/17]

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Timeline

1. 23 May 2017

   Mortgage to Rent Scheme Funding

   196. Deputy Michael McGrath asked the Minister for Finance if the purchase by the State in the form of a special purpose vehicle, SPV, or other such wholly owned State instrument, of distressed principal private dwelling mortgages to facilitate the roll-out of a mortgage to rent scheme on a grand scale would likely constitute an on-balance sheet or off-balance sheet transaction in terms of the Government accounts; if such a purchase would be regarded as capital or current expenditure in terms of the domestic and EU fiscal rules; and if he will make a statement on the matter. [24649/17]

   Source: written

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• Mortgage to Rent Scheme Funding

  xml · EN · 23 May 2017

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Sponsors

• McGrath, Michael. · Asking member
• Finance · Finance · Addressed to

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