Oireachtas Joint and Select Committees

Thursday, 25 January 2018

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Yes. The reason for that is that if 50% of their funding comes from the private sector, probably through private funding from outside the State sector, they are in the private business of providing services in the private sector. The big universities in England, for example, would receive much more in private income than in State income. Perhaps ours was a European approach to universities. The CSO is now looking at this again as most of the institutions in Ireland - the universities and the third level institutions - are substantially funded by the State. That is why the CSO is looking at this reclassification. I am just throwing in as a by-the-way the comment that the approved housing bodies are in the same category. The CSO's note will be useful to have.

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