Oireachtas Joint and Select Committees

Thursday, 17 October 2019

Public Accounts Committee

Caranua Financial Statements 2017

9:00 am

Mr. David O'Callaghan:

When we introduced the limit of 15,000 applicants, we did a forecast which took account of the number of cases that we had on hand. That forecast showed that we had a deficit of money even if we got the entire €110 million. That was from where we were coming. It now transpires that we are going to have a surplus which will enable us to revisit the 378 applications we received after 2 August, including the 22 that the Deputy mentioned.

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