Oireachtas Joint and Select Committees

Thursday, 4 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015

9:00 am

Mr. Brendan Gleeson:

If the Deputy wants to go back to Limerick and that, some of the early decisions in Limerick were made as early as 2005. It was a different board and a different Department. That is just factually correct. There is no doubt that some of those decisions laid the seeds for great financial difficulties which were exacerbated by a recession from 2008 on. An investment was made at the wrong time - I suppose that is the reality of what happened.

The board has inherited a difficult situation and is trying to navigate its way through it. I do not believe there are any easy solutions here. They are doing a very difficult job in difficult circumstances.