Oireachtas Joint and Select Committees

Wednesday, 21 May 2025

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

Dissolution of National Asset Management Agency: Discussion

2:00 am

Photo of Erin McGreehanErin McGreehan (Louth, Fianna Fail)

Mr. McDonagh mentioned a surplus of €5.2 billion coming to the State. Given the size of the original State guarantee and NAMA's control over tens of billions in distressed assets, does he think the return was commensurate with the scale of public exposure and the long-term costs to the taxpayer? Does he think more could have been done earlier in NAMA's lifespan to extract value through alternative strategies like renting or long-term land retention rather than rapid deleveraging?

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