Oireachtas Joint and Select Committees
Thursday, 30 June 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
9:00 am
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
In the Department the banking and financial services policy group has €11 million according to page 9 of the document we received. The output to the end of May is €2.5 million. The output for consultancy services is €162,000 but the Estimate for the year is €5 million. It seems very low given the importance of the banking and financial services sector and given that it includes the shareholder management unit section along with others.
I am concerned that it smacks a little of the bad old days in the Central Bank when there were only a few people looking after the banks. The Department output is €2.5 million to date, almost half way through the year but the budget is €11 million. Have we enough people in place? Have we enough people keeping an eye on the SMU? Have we enough staff engaged to ensure no lacunae develop or that there will be no slip-ups in a period that is now far more unstable than previously?
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