Oireachtas Joint and Select Committees
Wednesday, 29 March 2017
Public Accounts Committee
HEA - Financial Statement 2015
10:00 am
Dr. Graham Love:
On the general question about our oversight, I think the fact that this information is out and to the fore is as a result of processes that we undertake, particularly the institute of technology review published at the end of November last year. That is the first comment I would make, which outs the situation clearly and openly. We have been strengthening our processes. There are particular circumstances in Waterford's case. We are very clear that the institute of technology sector does not have a borrowing framework generally. I think Deputy Connolly asked about this earlier. The funding model review group is looking at the question of whether they should, in certain circumstances, be allowed to borrow if appropriately financially controlled. Do we have the particular deficit to give the Deputy a figure?