Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Public Accounts Committee
National Transport Authority - Financial Statement 2011
11:40 am
Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source
So the NTA is still a cash-rich organisation. In the past year, a number of third level institutions have come before the committee. Those institutions are always screaming out for money but it has emerged that they have tens of millions in their bank accounts. People complain about taxi fares, the cost of transport, etc., and it now emerges that the NTA, which is the regulatory authority, has €20 million sitting in its bank account. It appears that tens of millions are sitting in the bank accounts of various agencies at a time when the country is strapped for cash. Our guests will understand people's view that this is somewhat unusual in light of the tight financial situation in which we find ourselves.
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