Oireachtas Joint and Select Committees

Tuesday, 1 July 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

National Treasury Management Agency (Amendment) Bill 2014: Committee Stage

9:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I will examine it on Report Stage. It would strengthen the Bill if provision were made for this without interfering with directed investment. Approximately €16 billion of the €22 billion in the National Pensions Reserve Fund was directed. It could not decide to deal only with the other €6 billion. The agency must have a role and everything should be joined up. I am not sure what its role ought to be but there should be more monitoring.

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