Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

ECOFIN Meeting: Minister for Finance

9:30 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I am happy to have that. The Chairman will know the concerns we have about the Bill are genuine. It is not clear to us how this entity would be funded. It appears it would need to issue some form of bond to pay for the financial commitment. We do not understand how that would happen. Furthermore, we are not at all clear how such a unit would be kept off the balance sheet of the country. I acknowledge the committee has heard this from the Minister of State, Deputy D'Arcy. I, or my officials, would be happy to meet members to tease these issues out further.

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