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

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

That is, to give it to us in simple English. We had far greater restrictions on the use of our funds and our targets when under the excessive deficit procedure. I ask the Department to send us a note.

NAMA is heading for a surplus of €4 billion. We need to talk about this. To me, this is a bit like a windfall receipt. In fact, it is not a windfall receipt. It is the working out of loans over a period of time. Has any of that surplus been transferred to the Department yet?