Oireachtas Joint and Select Committees

Thursday, 5 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund

11:30 am

Photo of Cormac DevlinCormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source

My thanks to the witnesses for attending and for the information they have provided. I wish to ask three specific questions. The first relates to the insurance compensation fund. A repayment of €80 million was made to the Exchequer and to the fund in 2019. This will reduce outstanding balance to €555.7 million as of 31 December this year. When is that balance due to be repaid? Were any amounts received this year?

My second question relates to the financial accounts for 2019. I have before me section 11 of the financial statements. My question relates to the State savings schemes. The figures show a comparison between 2018 and 2019. I gather that the Department will not have figures for 2020 yet but I assume there will be an increase this year in terms of investment in those schemes. Can the officials elaborate on that?

My third question relates to the statements for current non-voted expenditure. One thing that caught my eye was the sugar levy. There is an amount for 2018 but nothing for 2019. Why is that? Will the officials come back to me on those questions, please?

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