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Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: How are they making a positive impact? Forgive me if I do not get it because, like Deputy David Cullinane, I am a layperson, too. How are they having a positive effect on the economy if there is no money in the till as a result?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Therefore, they are employing people.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: In the case of companies that have no sister firm, they are contributing nothing to the till.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Are we doing anything about this net loss to the economy?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: It is almost as if they will die off naturally, for want of a better word.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: It is almost like grandfathering.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: We have what we have, but it is not as attractive as it was to come here-----

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: -----because the places from which they were coming have stated, "We will fix you up at home."

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: At some point Mr. McCarthy mentioned that the gap between borrowing and spending was approximately 0.2%.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Perhaps Mr. McCarthy might tell me where were we at the start of the recession. Comparatively, what was the gap nine or ten years ago?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Who was in government in 2010? Not us, I do not think.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: I thank the Deputy for reminding me.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: I thank the Comptroller and Auditor General.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: I am not sure if anyone asked about the rainy day fund before I came into the room. Did we put €500 million into it last year? Are we going to put €500 million into it or what is the plan?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Just to clarify, it was said initially that it would happen when the books were balanced, but the term "broadly balanced" has come in now. He said yesterday that even if it is "broadly", he is going ahead.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Who is managing that fund? Is it the National Treasury Management Agency, NTMA? Who does this?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: On the budget for next year and net fiscal space, will Mr. McCarthy outline what commitments have been made with next year's money? When we take out all the stuff we have spent such as the credit card or whatever, where are we in fiscal space?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Is it the case that no matter what the fiscal space is, there is €2.6 billion spent from it?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: Without the €2.6 billion, does Mr. McCarthy have any idea of a ballpark figure for the fiscal space?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council
(19 Apr 2018)

Kate O'Connell: It is a secret.

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