Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General Appropriation Accounts 2013
Vote 13 - OPW
Chapter 4 - Accounting for OPW Agency Services
10:00 am
Derek Nolan (Galway West, Labour)
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It could seem that there is no harm done or no money embezzled. However, this was happening at a time when cashflow was extremely restricted and the State was borrowing at extremely high rates. Also money that was spent and not surrendered was effectively borrowed and interest was being paid for on it. It was not exactly a harmless accounting figure, if it was being done deliberately or if it was being done to save budgets.