Dáil debates

Wednesday, 22 February 2012

 

National Asset Management Agency

3:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)

The public wants to see what is going on within the ship of NAMA, a body which is costing €1 million a day to run. It wants to know the income it received in interest on loans. The report shows that €276 was received in the first quarter, but I have discovered that NAMA actually received only €178 million. In the second quarter it reported that it had received €255 million in interest, but it had actually received only €184 million. For the third quarter the corresponding figures were €255 million and €175 million. NAMA is still not subject to the Freedom of Information Acts which should be a matter of urgency for the Government. For a member of the public who is disposed to look at what NAMA is costing and the profit it is making, alongside the EIR figures which are guesstimates of what NAMA might receive some time in the future, there should be a record of what it actually receives in interest during the various quarters.

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