Ms Hilary Murphy-Fagan:

The overall benefit to the taxpayer goes above and beyond cost savings. The original business case identified that cost savings in the range of €15 million per annum would be realised when FMSS was fully implemented. As I explained, however, the benefits go far beyond the savings to the taxpayer thanks to the significant implementation, the enhancements, the opportunities for international accounting standards, the introduction of a dual accounting system, central financial reporting and more information being available than is the case currently.