Oireachtas Joint and Select Committees
Thursday, 3 December 2015
Public Accounts Committee
2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
10:00 am
Mr. Derek Moran:
We talk to Revenue on an ongoing basis. That is a daily occurrence. We also speak to the IDA and other bodies and one gets intelligence and information about the big items coming down the line. One always has to do a bit of horizon scanning, and we look to see if there is anything particular coming up. We do that as part of the day-to-day routine. The patent cliff, as Mr. McCarthy said, was flagged a couple of years in advance. We would have been aware of that and we would have been able to put the work into analysing it and trying to understand it. Some very good work on the patent cliff issue is published on the Department's website.
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