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

I am not saying that Mr. O'Kelly is saying that. It is a point that was made to us by the Minister when he appeared before the committee and we asked him about the fiscal rules and flexibility. He said that would be dependent on whether we get support for changes from within the European Union. We will have to look at greater use of PPP in the absence of that. I ask Mr. O'Kelly to be conscious that, if we are looking at greater use of PPP, it could be more expensive and I have given the examples of where it is cheaper for governments to borrow at the moment. I also ask him to be conscious of the Comptroller and Auditor General's concerns, notwithstanding Mr. O'Kelly's personal view of value for money. He is the Comptroller and Auditor General who audits value for money and if he has concerns, as Mr. O'Kelly has acknowledged, those concerns need to be taken on board.

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