Regina Doherty (Meath East, Fine Gael) | Oireachtas source

The CIB did not seek to prepare a full cost-benefit analysis because it was on the basis of the benefits of the changes, as outlined in the Pathfinder report, that they were made. That report went as far back as 2014. That was together with the estimated costs which had been compiled on the various options which were put before it. Let us put this on the record. The cost-benefit analysis has now been completed. It indicates a socioeconomic benefit to cost ratio of 6.6:1. This bears out the view that the restructuring is not only necessary, but vital and cost-effective. The net public expenditure is estimated to be €4.1 million compared to net benefits of €18.9 million over an eight-year period. Although cost is not the driver, it is clearly going to save money. I also have to put on the record of the House that the cost-benefit analysis which was sought by the joint committee and delivered by the CIB and MABS, and which has been published on the CIB website, includes all the set-up costs, professional fees and the cost of the recruitment and salaries of the 16 regional operators who are to be appointed. The analysis very clearly suggests that this change of governance will enhance the role of the CIB and MABS in our community and will do nothing else.

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