Oireachtas Joint and Select Committees

Thursday, 8 February 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund

9:00 am

Mr. Kevin McCarthy:

Yes, and one of the things we need to address now in terms of how the scheme operates is the information flows and the level of monitoring and oversight of progress on projects that we, as the lead Department with overall responsibility for the scheme, ensure happens. The Deputy describes what has been happening as very loose. In some ways the scheme is not very loose but rather quite tight and quite rigid in terms of the criteria and how Departments can deploy the funding and so on once the commitments are made.