Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Verona Murphy (Wexford, Independent) | Oireachtas source
I appreciate that. However, it took a long time to review the loan-to-income ratios. It appears that people are being given conflicting messages. Mr. Makhlouf understands what I am saying from a layperson's perspective. The Central Bank increased the ratio when people had less ability to pay. Previously, they could have possibly acquired mortgages when their ability to repay was greater and when interest rates did not really apply. Houses and many other things were cheaper previously. That is all I am saying.
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