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. John McCarthy:

We project that the contribution will be €2.8 billion next year. On climate change and the brief I discussed with the Deputy, as a rich country we have an obligation to help the poorest countries in the world as these will be most affected by climate change. There are costs associated with that. That may account for some of the discrepancy with regard to the number I mentioned earlier. I do not have the previous brief in front of me. In addition to having a role on the tax side, the Department has a big role in financing climate action.

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