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

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

It increases the transfer of cash, though. Let us not beat around the bush with this. It increases the transfer of cash from Premier Lotteries Ireland and the lottery system to the parent company in the form of this 9% interest rate. Mr. Algeo has not clarified whether he believes this to be an extraordinarily high rate. Anyone who has any knowledge of basic economics would look at this and say it is an extraordinary figure.

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