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

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein)
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Government policy is a matter for the Government. I am not asking Mr. O'Kelly to account for what the Government does. It can account for itself. What message are we sending out, however, that we have money in a fund that can be used for investment in areas where it is needed? What message are we sending out by taking that money out of that investment fund and putting it into a rainy day fund which may or may not be used in the future? We must bear in mind we had a similar type of fund before that was used for different purposes. Where is the wisdom in doing that when there is a need for investment now?