Catherine Connolly (Galway West, Independent) | Oireachtas source

This is important to me. There is a whole movement here with all sorts of things such as trusts and, particularly, foundations. The point has been made to us by numerous third level institutions that less than 50% of their funding comes from the State, so I thank Mr. Moran for clarifying this. We have had Garda representatives come before the committee repeatedly and given them a very tough time regarding off-balance-sheet transactions. It might be a bit of an exaggeration, but it is a parallel system of accounts, and it seems off-balance-sheet methods are the direction in which the Government is now going. If it can find a way to build houses off balance sheet and have a health system off-balance sheet, it will seek to do so. Is that right? Am I wrong? Am I simple-minded?