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 Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

Let us consider one example. We will not mention the IRBC because we do not have time to go into the matter, but let us consider AIB. We bailed out the banks. We bailed out AIB to the tune of 100%. According to the mad rules with which we must comply, we cannot use the money we have just received from the sale of the shares in AIB to help the economy in any way or to reduce the number of patients on trolleys. We cannot give the money to local authorities to build houses directly. Is that right?

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