Oireachtas Joint and Select Committees
Thursday, 3 April 2014
Public Accounts Committee
2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
12:20 pm
John Deasy (Waterford, Fine Gael) | Oireachtas source
Mr. Watt has been around the financial world long enough and he knows equity funds do not really take public policy into consideration. We have given them the job of finding these commercial investments, and nobody has taken into account the fact we may be looking not only at a two-tier economy but a two-tier recovery, which is what I want to avoid. This legislation should try to avoid that as well. Some may argue that if we go down the line, it makes some sense, but would we block some decent investments if some of the money was earmarked for the areas suffering worst from the recession? At the very least we need to start talking about that.
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