Oireachtas Joint and Select Committees
Thursday, 4 July 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
9:00 am
Mr. Conor O'Kelly:
Correct. With our debt being so elevated, we will be borrowing for a long time. If the cost of that borrowing and our debt on the market starts to rise, it will have to come out of other spending. As the Deputy mentioned, there is also opportunity cost due to what it could be spent on.
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