Oireachtas Joint and Select Committees

Thursday, 21 July 2016

Public Accounts Committee

2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015

9:00 am

Mr. Seamus McCarthy:

Yes. I will probably need to look at it again but I am aware that in the past those would have been published. The point has often been made here that the committee can be assured that value for money is being achieved because the Comptroller and Auditor General can look at these projects. For me, looking at any one of these projects would take a full-time staff member a year. I do not have the resources that would allow me give the Deputy the reassurance that every single PPP project delivers value for money. If I look at it I will report on it, and we have done in the past, but the Deputy needs to look for assurance from the National Development Finance Agency, NDFA, and from the sponsoring Departments on the value for money they are achieving, and not assuming that just because I can look at them I have looked at them. I do not have the resources to do that.

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