Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed)

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9:00 am

Mr. Seamus McCarthy:

Going in that direction, from insurance companies to State cover in the form of pay-as-you-go, does give an immediate cash benefit because one is not meeting claims for a number of years. This distortion and impact is evident immediately but it is-----

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