Government ministers have been rejecting claims that Irish Water’s latest set back is a major blow to the already embattled utility.
The Finance Minister Michael Noonan says Irish Water will not be abolished or changed in any way, despite a Eurostat ruling against it.
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The EU body says Irish Water debts and spending have to be considered as part of the government balance sheet, even though the government wanted it treated separately.
This means the national debt looks set to rise by roughly €500m.
The debts will now rest on government books until 2020, putting a major dent in the Irish Water business plan.
