Oireachtas Joint and Select Committees

Thursday, 12 October 2017

Public Accounts Committee

Transport Infrastructure Ireland: Financial Statements 2016

9:00 am

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

I have a difficulty with that, not with Mr. Nolan. I appreciate his answer. There is ongoing privatisation ongoing of everything. We had a budget. With housing, millions of euro are going into the HAP payment and then everything becomes commercially sensitive. We are left in a position where we have got rid of one God that knew everything and we have a new god of the market who now that says, "We know best and we will redact all the commercially sensitive information". Mr. Nolan will appreciate it is difficult.

The amount per year that is going to PPP is extraordinary. I understand there is a limit being set now of 10%. The Comptroller and Auditor General might correct me if I am wrong. Is it 10% of gross national product per year?

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