Dáil debates
Thursday, 8 November 2018
Ceisteanna Eile - Other Questions
Dormant Accounts Fund Management
11:40 am
Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source
It seems that the inflows are very healthy. Every year there is an inflow. In the new year the outflows exceed the inflows. The dormant accounts fund has received €49 million, of which €30 million has been committed. Therefore, the value of uncommitted funds this year has increased by €19 million. Is that a fair summary? The money was intended to be spent on people with disabilities, communities suffering from social and economic deprivation and education, but they are not benefiting from the dormant accounts fund. It must be remembered that it arose from the famous inquiry into the deposit interest retention tax, DIRT. Will the Minister of State confirm that is the position?
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