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 Jennifer Carroll MacNeillJennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

Regarding the decision on the escrow account, why an escrow account? I appreciate the difficulty of finding somewhere to put something of that nature on deposit in a negative interest rate environment, but can Mr. Moran tell us about the decision making to move to an escrow account and the implications?

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