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)

9:00 am

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

I do not see a range of experience. I immediately think of the map of regional economic impact on page 24 of the annual report. Mr. O'Kelly had a reason for that. If we look at Connacht, 4% of the jobs created by ISIF were there, 6% of ISIF capital was deployed there and 4% of gross value added was in the region. It stands out as being very low in comparison with the other regions. Dublin's percentages for the same values were 50%, 56% and 43%, respectively. I look at this with my limited knowledge of finance and ask who is advising and what is going on. Údarás na Gaeltachta is not represented on this advisory board, nor is the co-operative movement. There is no range of people outside the same people who were there at the time of the crisis. There is the same type of skill set and the same type of consensus mentality. Why are the co-operative movement and Údarás na Gaeltachta not represented on this committee given their key roles in investment in the Gaeltacht? Is that a question for Mr. O'Kelly? I do not mean to put him on the spot. Should it be a question for the Minister or for the board of the NTMA?

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