Oireachtas Joint and Select Committees

Wednesday, 16 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion (Resumed)

5:00 pm

Mr. Mike Allen:

We would have to ask why NAMA would do so because the experience thus far is that the provision for a social dividend which was included in the NAMA legislation establishing has been completely ignored. At one level NAMA appears to be relatively successful but a more public debate is needed on what the social dividend should look like as we reach its closing stages. In regard to the release of land for the public good as opposed to a return to the taxpayer, sometimes they are not the same.