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:
It is happening at the moment. If we look at the Exchequer borrowing requirement for this year, there is a big spike in it and the reason is that we are borrowing State money at cheaper rates to redeem the commercial Irish Water loans so there has been a massive tidying up and a greater bringing of transparency on that over the last two years.
No comments