Oireachtas Joint and Select Committees
Thursday, 8 November 2018
Public Accounts Committee
Business of Committee
9:00 am
Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source
Part of the reason there was an overachievement was that there was a significant downturn. It is disingenuous to use that as part of the compliance. Once the economy started to reignite, we essentially went further backwards. That kind of response means we will be significantly exposed in monetary terms, never mind the survival of human beings on the planet. In economic terms, we were told by the Department of Finance that the expectation was that there would be fined €600 million per annum from 2021 onwards because we are not in compliance.
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