Oireachtas Joint and Select Committees

Wednesday, 8 March 2017

Committee on Budgetary Oversight

Developments in the National Debt: National Treasury Management Agency

2:00 pm

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Is Mr. O'Kelly aware of criticisms from the Comptroller and Auditor General regarding the use of public private partnerships, PPPs, in respect of process and a lack of any value-for-money analysis of process when such partnerships are being looked at? In the context of look-back exercises, it is the view of the Comptroller and Auditor General that we do not evaluate whether or not we get value for money for PPPs. This is matter being re-examined because of the limitations regarding the fiscal rules. There is a debate - we will get to it in a moment - about whether there needs to be greater flexibility in respect of capital spending. One of the things that is being looked at is possibly making greater use of PPPs. Before we embark on that journey, it would be beneficial for us to look at how effective we have been up to now in respect of PPPs. Does the NTMA have a level of oversight in respect of that? What is the NTMA's role regarding PPPs? What is Mr. O'Kelly's response to what I have said about the Comptroller and Auditor General's concerns in terms of there being no real analysis of value for money beforehand and very little look-back afterwards?

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