Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council

9:30 am

Photo of Marc Ó CathasaighMarc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

I understand that. The last issue I will raise in the time that I have, I hope it was not raised already, is the sundry moneys account. I am looking at figure 1.9 in the Exchequer financial outturn for 2022. The sundry moneys account did not have a great deal of money in it and then we saw a huge spike in 2020. It is still there in 2021 and 2022. We have this language around how it is supposed to be used, that the money is "held back until proper and sufficient instructions are received for final disposal" and "the objective is to minimise the time that funds are held in the account, to ensure their timely receipt into the Central Fund", but there are portions of that money hanging around longer than we would like. Why are we seeing such an explosion in how much money is in there and why we are not seeing transfers out of that account in a timely manner? Is somebody not issuing instructions quickly enough?

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