Oireachtas Joint and Select Committees
Thursday, 30 November 2023
Public Accounts Committee
Business of Committee
9:30 am
Mr. Seamus McCarthy:
I have reported on this on three occasions, looking back at the total cost of banking stabilisation, but not the total cost of the crash because that is reflected in the huge increase in State borrowing. A total of €64 billion was put into the banks, but we obviously got some of that back in the form of sales of assets, dividends and so on. Therefore, there has been money coming back. I reported most recently that the net outcome of the cost of banking stabilisation was in the region of €40 billion to €45 billion.