Oireachtas Joint and Select Committees

Thursday, 1 February 2024

Public Accounts Committee

Appropriation Accounts 2022
Vote 38 - Health
Report on the Accounts of the Public Services 2022
Chapter 18 - Health Service Executive Funding and Financial Reporting

9:30 am

Mr. Robert Watt:

There are deficits. As the chief financial officer has mentioned, significant deficits of some €800 million were inherited by the health boards. They have got worse because the level of cash allocated has been less than the level of determination of the actual expenditure incurred. We either service those debts, which we would have to continue to do, or start reducing the balances. The latter would involve cash injections into the system for a given year greater than the actual expenditure incurred. That is what it would require over a period-----