Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

11:00 am

Mr. Brendan McDonagh:

Yes, we expect to generate enough cash and we will not be surprised if there is a small rump of assets left. NAMA does not have to continue to exist. If it is only land, the Government has other mechanisms to give it to local authorities or to the OPW. Our objective is to sell down everything but NAMA is a complex infrastructure and we will not need it forever, as the Minister said last week.