Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Colm Burke (Cork North Central, Fine Gael)
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Therefore, we are now talking about €1.1 billion being paid out by the taxpayer. We are talking about a settlement, which is €53 million according to a newspaper. This is 5.88% of the total loss the taxpayer suffered. No one is able to account to us as to whether that figure is true or not true.