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 1 - President's Establishment (Revised)
Vote 2 - Department of the Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised)

9:00 am

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I welcome the Taoiseach. I would like to raise the issue of principal dwelling homes. According to the briefing document we have received, some 8% of principal dwellings are in arrears. The actual figure is approximately 85,000 homes. I would mention as evidence of the sustainability of that figure that it is almost twice what it would be in a normally functioning housing market. I would like to get the Taoiseach's opinion on how financial institutions are interacting with their clients. I am using the phrase "financial institutions" rather than the word "banks," because many of these institutions are not banks; they are financial companies that do not provide banking services.

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