Oireachtas Joint and Select Committees

Thursday, 21 November 2019

Public Accounts Committee

Business of Committee

9:00 am

Mr. Seamus McCarthy:

That is the essence of what it is saying. While it was over-funded, let us say, in one year relative to what it was spending or what it needed to spend, that money was not Bus Éireann's to take to profit. It was money that it was obliged to hold in trust and take less money the following year or to give it back to the Department. That is what it is acknowledging.

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