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. Eoin Dorgan:

The ISIF has to make a commercial return. The purpose of that is to ensure it remains off-balance sheet because ISIF was spending in such a way that its expenditure was on balance sheet it would reduce the amount that could be spent as part of the wider voted expenditure.

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