Oireachtas Joint and Select Committees
Thursday, 22 October 2020
Public Accounts Committee
2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 11 - Office of Minister for Public Expenditure and Reform
Vote 12 – Superannuation and Retired Allowances
Chapter 3 - Vote Accounting and Budget Management
Chapter 4 - Accounting for Capital Assets
Chapter 5 - Accounting for Allied Services
11:30 am
Verona Murphy (Wexford, Independent) | Oireachtas source
I am very concerned about a point I raised with Mr. Watt already. If the Central Bank is saying we have a deficit of €11 billion as part of this surge, is that accounted for in the €20 billion we expect to borrow next year? With regard to our banks and capitalisation, is there any risk based on the Covid scenario, or has this been examined? If there is a risk, what is the capital reserve in regard to the €11 billion that is projected? Where does Mr. Watt envisage we will be?
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