Oireachtas Joint and Select Committees

Thursday, 6 July 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015

9:00 am

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

Staying on this issue and how the sale of AIB shares can be used and not used, the briefing document to the committee dealing with AIB receipts for capital spending stated that because it is classified as a financial transaction, it is the substitution of one form of an asset for another. It is correct then that shares to cash are seen as equal.

Would shares to capital be seen as like for like as well?

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