Oireachtas Joint and Select Committees
Thursday, 17 November 2022
Public Accounts Committee
2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
9:30 am
Paul McAuliffe (Dublin North West, Fianna Fail)
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I have been a Member of this House for two and a half years and I am yet to have a month when we have not had a shock, between Covid and everything else.
I might move on to the interest rate environment and we can return to the other issues later. Mortgage holders are seeing increases in their mortgages, and people who might have had mortgages of the order of €1,200 a month are now paying €1,500 or €1,600. That has an impact on Ireland's borrowing requirements, the management of our national debt and the residual impact of bank stabilisation. Will the witnesses comment briefly on interest rates and on what we are doing to protect ourselves in the context of management of the national debt?