Oireachtas Joint and Select Committees
Thursday, 27 September 2018
Public Accounts Committee
Business of Committee
9:00 am
Mr. Seamus McCarthy:
The point being made here is that the principle of only paying when the liability is due has been around for more than 200 years. Regardless of whatever modernisation we undertake, if we go with cash accounting, we will continue to look for that test to be honoured. One does not pay ahead of a delivery of service, effectively.
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