Oireachtas Joint and Select Committees
Thursday, 3 December 2015
Public Accounts Committee
2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
10:00 am
Mr. Derek Moran:
No, of course not. Our colleagues in IDA Ireland are always targeting increased employment levels, increased investment and so on. So there is. However, it is the nature of pharmaceuticals, as Mr. McCarthy has said. It is a capital-intensive business with high investment levels and often high profits. At the end of the day there is a huge amount of spillover into the general economy in terms of local employment that is supported by the existence of a multinational in any community. One sees that around the country. So capital intensity and employment go hand in hand. Does Mr. McCarthy want to-----