Oireachtas Joint and Select Committees

Thursday, 5 February 2015

Public Accounts Committee

Vote 25 - Department of the Environment, Community and Local Government
Chapter 6 - Land Aggregation Scheme
Chapter 7 - Matters Arising from Audit of Vote 25 - Environment, Community and Local Government in Relation to Water Services

10:00 am

Mr. John McCarthy:

The CSO and EUROSTAT determine the MCT issue. The CSO is the national accounting body for Ireland and has to make a range of returns which feed into the national accounts and various other things such as the excessive deficit procedure etc. The way the EUROSTAT process works is that the CSO needs to have enough information to allow it to make a submission to EUROSTAT. Currently, we are engaging with the CSO and providing it with the information it needs in order that it can make its submission and EUROSTAT will make its determination.

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