Oireachtas Joint and Select Committees

Thursday, 20 June 2019

Public Accounts Committee

Business of Committee

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I thank Mr. McCarthy for the clarification and going through the matter. It is far more than a perception. I accept that this is not the fault of NAMA which was set up for a purpose by the legislation.

One of the consequences is that the market has been officially kept too high in relation to property and rent. It was set up and legislation was introduced, and through the work of the Comptroller and Auditor General and the willingness of NAMA, a voluntary provision was put in.

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