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 Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

I have a final question. Mr. Breen can take a break because it is not a question for him. It relates to ISIF. I want to get this question on the record. ISIF and what it is used for are important. Some investments relate to various energy projects and a range of other potential investments. When it comes to investments and working with State bodies, does the NTMA believe that such bodies actually put forward projects in which the agency could and should invest? I understand and appreciate that the terms of reference of the agency are defined. Indeed, I acknowledge it. Perhaps they are a little too rigid but the agency has to work within its position. I have no issue with that. In any event, are projects ever put forward in respect of which the NTMA takes the view that it would be good to invest in them but where the State bodies involved effectively do not co-operate or put forward the projects in a way that would make it possible for ISIF to invest? Have there ever been such cases? I am not asking Mr. O'Kelly to outline the cases. Has there ever been a situation whereby projects have been put forward by State bodies but where ISIF was not in a position to invest purely because the bodies involved have not put forward those projects in way that is accessible in the context of how ISIF invests?

Comments

No comments

Log in or join to post a public comment.