Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Public Accounts Committee
National Transport Authority - Financial Statement 2011
11:10 am
Mr. Gerry Murphy:
Yes. I noted in my briefing paper, which was sent to the committee in advance of the meeting, that when the Department of Transport, Tourism and Sport and the Department of Finance were in negotiations on the establishment of the organisation in 2008, they agreed that when we subsumed the Commission for Taxi Regulation, we would rely on its surplus for several years. We have been under-funded administratively from the start on the basis that we would gradually dip into the taxi surplus. We need it generally for our administrative expenses.
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