Oireachtas Joint and Select Committees
Thursday, 17 December 2020
Public Accounts Committee
Caranua: Financial Statements 2019
Caranua is a unique organisation in the sense that it was operating under a fixed budget of €110 million plus any interest accrual, which I understand was approximately a further €1.7 million. This was money clearly set aside essentially for compensation but outside of that Caranua's running costs were also taken from that same pot and it amounted to approximately €2 million a year. Looking back and reading the Comptroller and Auditor General's reports appraising Caranua, does Ms Downes believe that the running costs across those years could have been lower, recognising that any saving would have gone to the survivors of institutional abuse?