Oireachtas Joint and Select Committees

Wednesday, 2 February 2022

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2022
Vote 32 - Enterprise, Trade and Employment (Revised)

Photo of Maurice QuinlivanMaurice Quinlivan (Limerick City, Sinn Fein)
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I refer the Office of the Director of Corporate Enforcement. The Revised Estimate states that €1.69 million is being provided to the office and that it has "the requisite resources in its transformation to the robust, statutory and independent Corporate Enforcement Agency." The brief states that it builds on the €1 million additional funding previously provided to the ODCE to prepare for this transformation.

Before the committee last year, the agencies that front the battle against white-collar crime outlined how a lack of human and financial resources inhibited their ability to deliver on the remit. I note the comments in the Minister's opening statement. Does he feel an operational budget of approximately €6 million, even if it is increased by a welcome 20% on the ODCE's previous budget, is sufficient given the important and very complex work the corporate enforcement agency will need to carry out?