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:

I think the economy is too small. Various factors such as the IFSC and attracting that financial sector are part of it and will help a little, but even if companies have their headquarters here, it is still international capital and their original savings, investors and funders are probably in other jurisdictions. The savings must come from somewhere and the economy is too small to generate the savings we would need to fund that level of investment.

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