Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015
9:00 am
Ms Ann Nolan:
Capital is not seen as an asset. If one buys something capital, it is seen as spending. When we bought the shares in AIB, it was not treated as a capital purchase. That is why when we get the money back, it will not be treated as such. Logic might say the other but those are the rules and I cannot change them.