Oireachtas Joint and Select Committees

Thursday, 17 October 2019

Public Accounts Committee

Caranua Financial Statements 2017

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

When we multiple €13,000 by 300, we get approximately €4 million. Caranua will have €8 million in funds between now and its wind-down. Based on the cases to date, the average payment is €13,000 per case. Caranua has received 11,500 applications. Some payments will be higher than €13,000 and some will be lower. However, if the average remains roughly as it is, what will happen to the other €4 million?

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