Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

It is a matter for us.

A couple of other brief issues arise that I believe are significant. The Minister properly explained what I would call the financial context of the country. On exiting the troika arrangement, we did not have a safety net and had to get our ratings right. It was said there was an undercurrent such that the cashflow projections of the Comptroller and Auditor General were on the basis of the agency running until 2020. A witness or the Minister, or perhaps both, said today that, in view of the international pressure to lower our national debt and remove contingent liability of something going wrong in NAMA, the year 2020 was "not an option". That was said here by the delegation today. Do the witnesses accept that?

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