Oireachtas Joint and Select Committees

Thursday, 20 January 2022

Public Accounts Committee

Business of Committee

9:30 am

Photo of Matt CarthyMatt Carthy (Cavan-Monaghan, Sinn Fein) | Oireachtas source

Many of the questions that arise can be dealt with during our future engagement with the Department of Enterprise, Trade and Employment. There is clearly a policy issue here. We can see that some counties are being particularly badly served in terms of foreign direct investment, FDI. My home county of Monaghan, across 2019 and 2020, saw the creation of an additional ten jobs through FDI, which compares badly to almost every other county, notwithstanding those that suffered significant job losses. An additional ten jobs is a dismal return. There is a wider issue around the regional breakdown of the creation of jobs. Government representatives all always at pains to say that two thirds of jobs created by the IDA are outside Dublin. That still means that one third of all FDI employment is in one county and regardless of whether that county contains our capital city, it still points to a strategy that is badly balanced in regional terms. I look forward to dealing with that matter further when representatives of the Department of Enterprise, Trade and Employment are before us again. Is the IDA under the auspices of the Comptroller and Auditor General?

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