Oireachtas Joint and Select Committees

Thursday, 17 November 2022

Public Accounts Committee

2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund

See the whole debate « Previous speaker Next speaker »

9:30 am

Mr. John McCarthy:

That was a loan to Irish Water, essentially a cash-saving issue. Irish Water had borrowed from the market. The sovereign can borrow more cheaply so it was replacing more expensive debt with cheaper debt.

Comments

No comments

 

Log in or join to post a public comment.