Oireachtas Joint and Select Committees
Thursday, 3 October 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
10:50 am
Mr. Robert Watt:
We have set a target of €500 million to be saved in the addressable spend. Next year we are targeting savings of over €125 million. The Minister for Public Expenditure and Reform will provide this figure for the House when he announces his Budget statement in two weeks.
The issue of drug payments is separate. Different measures have been introduced in this area such as the move to generic drugs, the referencing price deal and so on. As it is more specialised and unique relative to other parts of procurement, it is dealt with differently.
The vast majority of the spend goes to Irish companies. The most recent figure I saw was 90% plus.