Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency

9:00 am

Mr. John McCarthy:

To add a little from the Department of Finance perspective, we published a stability programme on Tuesday, as we have done in the stability programme ever since the fund published this bundle of work. We set out a table outlining the contingent liabilities, trying to get a wider assessment of the risks to public finances. Contingent liabilities have fallen dramatically, the bulk of which relate to the financial sector. For instance, NAMA is no longer a contingent liability on the State, but there are other contingent liabilities. These are set out in the table in the stability programme. Additional information from both Departments is there.