Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

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

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Is Mr. O'Kelly saying that the NTMA had not done its homework and that there were not enough projects in the pipeline on which to spend the money? That does not really tally with where the majority of the experts are at. Economists and think tanks are saying there is a dire need for increased capital investment across the economy. The NTMA, on the other hand, is saying that while that might be the case, it cannot be done too quickly. Essentially the NTMA is saying we are spending enough at the moment and we do not need to spend any more in some of these areas because we should not spend too much too quickly. That does not really sit with what the experts are saying.

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