Oireachtas Joint and Select Committees

Thursday, 26 November 2015

Public Accounts Committee

Bord na gCon Financial Statements 2014

10:00 am

Photo of Joe CostelloJoe Costello (Dublin Central, Labour) | Oireachtas source

The witnesses are all very welcome again. Many of the issues have been dealt with pretty thoroughly, but it is still a very bleak picture that a debt of €21 million was incurred in respect of the Limerick Greyhound Stadium project and that there were net borrowing levels of between €10 million and €11 million from 2006 to 2008, which are now double that sum. Revenue has reduced from €63.5 million in 2006 to €28.2 million in 2013, a fall of 56%. There is a huge job to be done to restore it, and Mr. Murnane is predicting an increase of 34% in total receipts and an overall 28% increase in income by 2017. Is that realistic or is it a fairy tale?

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