Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council

9:30 am

Photo of Marc Ó CathasaighMarc Ó Cathasaigh (Waterford, Green Party)
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We have lost the money. We cannot do much about that but it has been resolved.

A different issue was around debt relief payment. I welcome that we paid off a bunch of debt - IMF-administered funds for Somalia and Sudan. That kind of financing is something I very much approve of, but then we did it in the wrong way and we had to transfer moneys between central banks and the Department. Will Mr. Hogan explain how that mistake was made? I have no problem with the expenditure, but why was the mistake made in how we spent the money?