Oireachtas Joint and Select Committees

Thursday, 8 May 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012

11:15 am

Mr. John Moran:

It is a very good decision to keep us all in the same building. In effect, that allows people to continue working together very well. We are both participating in economic management councils and we share the preparation of papers. There is a quarterly exercise of looking at Exchequer returns, which involves both the expenditure side and the revenue side. By definition, that means that people are constantly stitched together during the year, which is incredibly important in preparing the budget at the other end.

We both have a shared purpose and shared views on infrastructure and development in the State. They help to identify the projects that need to be done. Our Department can bring to that some of the other elements of what we do in terms of financing techniques to bring new financing to those type of objectives.