Oireachtas Joint and Select Committees

Thursday, 23 November 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 45 - Department of Further and Higher Education, Research, Innovation and Science
Financial Statements 2022: National Training Fund
Report on the Accounts of the Public Services 2022
Chapter 19: National Training Fund

9:30 am

Photo of Imelda MunsterImelda Munster (Louth, Sinn Fein)
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I will not use the rest of my time. From the answers, I gather that not a whole lot has happened. There is a lot of talk, a report went to the Government and the Government has not acted on it. We will leave it there. The surplus is still there.

Dr. O'Reardon said that the operation of EU fiscal rules has meant additional expenditure cannot be sourced from the NTF. Yesterday afternoon, John McCarthy, the chief economist, was at a committee meeting and he said that absolutely no EU fiscal rules are obstructing the use of this fund's surplus. He categorically stated that he is not aware of any restrictions on the use of this fund's surplus. Would Dr. O'Reardon contradict that?