Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

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

10:40 am

Mr. Brendan McDonagh:

Yes, over time. We just go with official forecasts and we adopt the strategic plan in the context of what the economy is doing. This time last year, I would not have been very confident about the Irish market in terms of how quickly it could recover. However, we have seen the amount of transactions that have taken place in the first eight months of this year and the build up in 2012 over 2011. That has certainly been very welcome in terms of activity and interest in the Irish market as the Irish recovery story occurs and, in fairness, due to the job that has been done by everybody, including the Government in sticking to its fiscal targets.