Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017

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9:00 am

Mr. Ian Black:

Arrangements are ongoing to recoup the money. However, we made provision for the amounts paid. The payments were made in 2016 and the decision not to proceed was taken in 2017 . We knew that we would not get value for it and have thus, in a sense, provided for that amount.

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