Oireachtas Joint and Select Committees
Thursday, 30 May 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council
9:00 am
Mr. Derek Moran:
Expenditure to date has run to about €7.1 million, of which €3.7 million relates to the establishment of the escrow and everything that goes with it. I would contrast that with the potential cashflow loss from a negative interest rate in a year, which could have been as much as €60 million. Those are the costs associated with it.
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