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Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: It did not come to be reported.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: I have been told that items of expenditure of €100,000 or more are looked at. This one was worth €250,000.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: Okay.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: I suggest that we should set a time limit and provide that if the information has not been requested by that time, we will work with the Comptroller and Auditor General to find the best way of bringing clarity to the workings of this committee as it deals with this matter.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: Is it the norm for any refurbishment to be paid for by the OPW, as distinct from the individual Department?

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: Okay.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: What is the role of the Comptroller and Auditor General in respect of the Central Bank?

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: In terms of the audit of the Central Bank, one would expect that the committee would be able to request representatives of the Central Bank to come before us on specific aspects of the audit and a special investigation would not be necessary. Is it Mr. McCarthy's view that, notwithstanding the Comptroller and Auditor General's function of auditing the Central Bank, committees of the House...

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: The law specifically precludes the committee from bringing representatives of the Central Bank before it-----

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: -----in any form unless the Comptroller and Auditor General carries out a special investigation?

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: Does the committee have any capacity to bring in representatives of the Central Bank other than by means of a special report? Has this been examined legally?

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: In that case, the Committee of Public Accounts was able to bring representatives of the Central Bank before it for one year.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: One year?

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: An exclusion was subsequently introduced.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: Were any changes made in the raft of legislation introduced in the years since 2008 in respect of the role of the Comptroller and Auditor General? The office is mentioned in many of the Finance Acts and other legislation introduced since 2008. I am trying to ascertain whether there is some provision that would allow the Committee of Public Accounts to request the Central Bank to come before it.

Public Accounts Committee: Business of Committee (18 Apr 2013)

Kieran O'Donnell: How recent is the legal advice?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Kieran O'Donnell: I welcome Professor McHale and his colleagues and commend them on their comprehensive report. To return to the issue of the domestic economy and employment, I note an interesting figure on the outturn for 2012 showing that growth in GNP was significantly higher than growth in GDP. This is not usually the case in Ireland. Real GNP growth in 2012 was 3.4%, whereas real GDP growth was 0.9%....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Kieran O'Donnell: Why was real GNP growth 3.4% in 2012 while GDP growth was only 0.9%? This gives a differential of 2.5%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Kieran O'Donnell: Are these figures a one-off event?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Kieran O'Donnell: Normally one strips out repatriated profits from FDI so that GNP is lower than GDP. That is the case for the forecast for this year.

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