Oireachtas Joint and Select Committees
Thursday, 3 April 2014
Public Accounts Committee
2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
12:10 pm
Mr Robert Watt:
The NTMA, the Department of Finance and the Department of Public Expenditure and Reform. I am happy to answer the Deputy's questions on the basis that my Department is involved. Mr. Corrigan of the NTMA might be able to give the committee more information on this on the next occasion he appears before it. The fund is being reoriented towards investment in projects in Ireland that can provide a return in terms of jobs and a commercial return to the fund. It is important that we strike the right balance between projects.
The market may not fund projects because there could be uncertainty or where it is a start-up activity; it could be tricky to identify projects.