Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Public Accounts Committee

National Transport Authority - Financial Statement 2011

11:10 am

Mr. Gerry Murphy:

It was not actually self-funding from taxi licensing. The accounts for its final year of operation, 2010, show that the commission dipped into the surplus that had been built up, when large payments were made and when there was an explosion in the industry, to the tune of €2.8 million. It was essentially under-funded from licensing income and reliant on the surplus.

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