Oireachtas Joint and Select Committees

Thursday, 24 November 2022

Public Accounts Committee

Financial Statements 2021: National Lottery Fund

9:30 am

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

Mr. O'Donohoe outlined the rationale for the loan arrangements from the perspective of the company. From the perspective of the regulator, is there an issue with that mechanism of taking out a loan with an interest rate nine times above what is available in the market?

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