Government needs to be upfront about capital spending
Building roads, schools, courts, healthcare centres and other large infrastructure projects is an expensive business.
The cost of public private partnership (PPP) projects to date stands at some €6.5bn. In addition, Irish Water has taken over commitments from local authorities of more than €1bn for water and wastewater treatment schemes.
And that bill is going to rise. The Government plans to finance a range of new courts, roads, road schemes and other projects using PPPs, with a further €1.4bn in long-term debt likely to be accrued.