Oireachtas Joint and Select Committees
Tuesday, 21 March 2017
Select Committee on Agriculture, Food and the Marine
Estimates for Public Services 2017
Vote 30 - Department of Agriculture, Food and the Marine (Revised)
4:00 pm
Charlie McConalogue (Donegal, Fianna Fail)
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If a significant proportion of it – and we do not yet know the proportion – is one year or two year terms, part of it will not have been used. The only way that would not have been utilised is if the Department, working with the banks and the SBCI, had factored into its figures the fact that a proportion of these loans would be for a one, two or three year term. Did the Department plan for the fact that it would be a one year term? If it did, so be it but that would mean the €25 million would have been utilised.