Dáil debates

Thursday, 11 June 2015

Other Questions

Dormant Accounts Fund

10:10 am

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

I have been very concerned that every year money is being transferred from banks into the Dormant Accounts Fund, but the money is not being used for the purposes provided for in the legislation.

It is just accumulating in Government coffers. My question is how much money is expected to come in this year, net of outflows. It normally comes in during April. What are the plans this year to spend the Dormant Account Fund on social and economic disadvantage, educational disadvantage and on disability?

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