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
Mr. John Hogan:
I hear the Deputy's conclusion. What we have attempted to do today is to try to explain the process in the most explicit terms we can around all of this. We have tried to be forthcoming about the numbers associated with it. The figure of €54 million is significant for anybody. The security costs that were put on the table in relation to this, to allow the State ultimately to realise the produce of this particular process, have been repaid to the fund. The fund has increased by €83 million overall. I accept and note the exchange we have had on all of this.