Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council

9:00 am

Mr. Derek Moran:

The Chair is probably aware that we appointed the custodian last month. We appointed the investment managers, and I anticipate that the final legal details should be concluded over the next couple of weeks, with money starting to flow thereafter. We have said all along that we except the money to flow in the second quarter, and we still anticipate that. There is nothing in the account at the moment, but the infrastructure is there to do it.

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