Oireachtas Joint and Select Committees

Thursday, 20 October 2016

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 37 - Department of Social Protection
Chapter 9 - Regularity of Social Welfare Payments
Chapter 10 - Roll-out of the Public Services Card
Social Insurance Fund 2015

9:00 am

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

I understand that but I put it to Ms O'Donoghue, because she is the Accounting Officer, that the amount of debt recovery that is there is €447 million outstanding, and would she not sell it off to Cerberus to see what we might get and let them go and collect it? I am serious. Has she not considered trying to recover some of this money by putting that debt book up for sale? I suggest to her that it must be an option because, from what is being said, anything that will be got this way will be more than what will be got if it is not done. Then let us see how it gets on. Will it be as lenient with these companies? It is out of our hands, and we might have got some money in these hard-pressed times. Could Ms O'Donoghue make an observation on that? It sounds flippant but it is probably so far outside the box that maybe we need to look at it.

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