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 accept it is referenced. I have read the note from the board. The departure from the discount rate is not detailed. The point I am trying to get across is that as I understand it, when it comes to evaluating a sale, the adverse consequences should always be clearly detailed. I do not understand why in relation to such an important sale the only rate detailed is the discounted interest rate, which obviously was a great windfall for the taxpayer. Why are the adverse affects not shown or detailed?

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