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

We are going to ask Caranua to come back with some indication. If it is planning to be gone in six months, it must be in the middle of its planning process at this stage. I am just doing the sums off the top of my head. If there are 100 people out there and the average payment to date has been €13,000, that is €1.3 million, which is within the fund we think Caranua is going to have. Maybe it cannot promise them anything but it should immediately start working on those cases in order to give people some indication. I know Caranua has its live cases to process but it is clearly going to have excess funds.

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