Oireachtas Joint and Select Committees
Thursday, 8 December 2022
Public Accounts Committee
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 19 - Exchequer receipts from National Lottery ticket sales
9:30 am
Colm Burke (Cork North Central, Fine Gael) | Oireachtas source
I understand that PLI drew down a loan from its parent company at an interest rate of 9%. Why was the interest rate set so high when borrowing could have been at a far lower rate? Because it was not, the net sum available after expenses are paid is smaller.
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