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

12:30 pm

Mr. Robert Watt:

I do not know. We are committed to getting it through. I do not know what the issues or obstacles are now or what the debate is. I have not been briefed recently on the ins and outs of it. The Deputy and I have spoken about this previously. We must modernise the valuation process. We are very much in favour of that and on the current timeframe we would complete the revaluation of the entire country by approximately 2030. Obviously, that is not good enough so we must improve. There are a number of very useful suggestions in the proposed legislation. I will find out the exact position and refer back to the Deputy.