Oireachtas Joint and Select Committees

Tuesday, 25 October 2016

Public Accounts Committee

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

10:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

I understand that point but why then was there no increased rate to show sensitivity? A lower discount rate would obviously show an increase of funds to the taxpayer, which is very good, but one of the most important questions when it comes to risk assessment is what are the adverse consequences of a sale. It would have been reasonable to include a sensitivity rate above 5.5% because that is where the risk is for the State. The State can lose money on assets. Why was that figure not shown given the figure in regard to downward sensitivity is provided?

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