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Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: The Secretary General has indicated a couple of times that he wishes to come in.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: I think what the Deputy is expressing is there is a general frustration, which I certainly hear. You do not have to come to Dublin for it as you will hear it down in the midlands as well. People are paying very high rents and cannot save for a deposit. Policy is not the officials' gig but they advise the Minister and Government of the day. To help the question a bit, has there been any...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: Though the Minister must make the policy decisions.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: The answer to that question might help us too.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: Has that issue ever been looked at though?

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: It is frustration we all hear. Young people - and not-so-young people, because many middle-aged people are now renting and they are trapped as well - constantly tell us what they are paying in rent and how they could get a mortgage where the repayments will be 60% of what they are paying in rent, even with the increases we have talked about. There is a mismatch there and it can be a very...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: I will let the Deputy in for the second round. Deputy Catherine Murphy is next.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: The question is whether there is any concern with the drop in home ownership, which may be caused by that deposit issue.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: There are a number of potential moving parts there. I think we would all agree on that.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: The point is well made. I call Deputy Devlin.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: I might have to get the Deputy to take the Chair because I am watching another screen and I have a slot in the Dáil. My lucky number came out today in a raffle.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: I can assure members I win few raffles.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: Go on. You can continue for a minute.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: One issue was the bank debt. I note that the Comptroller and Auditor General's estimate is for €800 million per annum in payments on that.

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: Where is that going in the next ten years? Will that reduce or increase over the next ten years?

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: I thank the witnesses from the Department of Finance and the Department of Public Expenditure and Reform, including Mr. Nolan and his backroom team, for the information provided and for preparing the documents. I also want to thank Mr. McCarthy, the Comptroller and Auditor General, and his staff for attending. Is it agreed that the clerk to the committee will seek any follow-up information...

Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022)

Brian Stanley: If any figures have been received or if there is any information on it I ask the Department to give us a note on it. Is it also agreed that we will note and publish any opening statements and briefings provided for today's meeting? Agreed. The meeting will suspend until 1.30 p.m. and we will resume in public session to address correspondence and any other business.

Public Accounts Committee: Business of Committee (17 Nov 2022)

Brian Stanley: This afternoon our business comprises minutes, accounts and financial statements, correspondence, work programme and any other business. The first item is the minutes of the meeting of 10 November. They have been circulated to members. Does any member wish to raise any matter arising from the minutes? Are the minutes agreed? Agreed. As usual, they will be published on the committee's...

Public Accounts Committee: Business of Committee (17 Nov 2022)

Brian Stanley: Regarding the NUIG procurement, am I correct that there is €1.1 million in total in non-compliant procurement?

Public Accounts Committee: Business of Committee (17 Nov 2022)

Brian Stanley: As I understand it, the university has sent information on this, stating that it is now in compliance with current procurement legislation and that rules on appropriate procedures for procurement have been developed. Is that your assessment of the matter, Mr. McCarthy? That has been circulated to staff. They have taken steps.

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