Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

9:00 am

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

I will come back to the breakdown of social housing in a minute. NAMA is talking about the success it has had in being able to give money back to the State but that applies if one draws a circle. If one draws an inner circle, in which NAMA is making a surplus, and an outer circle the space between the inner and outer circle is what the taxpayer has borne in addition, through recapitalising the banks, the costs of NAMA etc. Is that right?

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