Spokesperson for Finance and Public Expenditure and Reform, Pearse Doherty TD, said if the scheme ends it would free up €40 million in potential spending next year.
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He said: "Sinn Fein's warnings about the scheme were ignored by Fine Gael and Fianna Fail and as result approximately €50m of taxpayer's money has been thrown into a black hole with no results.
"Even the idea that a two year scheme could boost builds makes no sense when you consider the build time. This was a bad idea from day one and needs to be stopped immediately."
(CD/LM)
