Oireachtas Joint and Select Committees

Thursday, 7 March 2013

Public Accounts Committee

2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions

12:10 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I welcome the officials this afternoon and thank them for coming along. I thank Mr. Moran and his staff for all the work they do. We operate for perfectly understandable reasons in an unsympathetic environment, given the vast difficulty the country is in and the challenges people face. I know that all public servants do their best in very difficult circumstances and that the Department of Finance has of late delivered things of great value to our State, particularly in respect of the promissory note. I acknowledge that work and all the officials involved.

I will put to Mr. Moran a figure of which I do not believe he is already aware. The independent Credit Review Office overturned between 55% and 59% of original bank decisions on business credit applications. What does Mr. Moran think of this figure?

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