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Written Answers — Department of Health: Medicinal Products (4 May 2022)

Colm Burke: 479. To ask the Minister for Health the health technology assessments received by the corporate pharmaceutical unit in each of the years 2018 to 2021 and to date in 2022; the date of the HSE drugs group decision; the date of reimbursement in tabular form; and if he will make a statement on the matter. [21933/22]

Written Answers — Department of Rural and Community Development: Telecommunications Services (4 May 2022)

Colm Burke: 578. To ask the Minister for Rural and Community Development if her Department will consider entering into a partnership with the mobile network operators in Ireland to ensure mobile phone coverage blackspots in Ireland are eliminated in Ireland by part funding investments in network infrastructure in areas that are not currently financially viable for private investment alone; and if she...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (5 May 2022)

Colm Burke: I have received correspondence from an importer advising that certain goods are coming into the Port of Cork that cannot get clearance there and have to be transported to Dublin in order to get clearance. There is obviously a fuel cost and an environmental issue. My understanding is that the Port of Cork has made a submission to the Department looking for the facilities to be developed....

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (5 May 2022)

Colm Burke: 163. To ask the Minister for Housing, Planning, and Local Government the plans that are in place to reduce waiting times for accessible housing for patients with Huntington’s disease considering that it is currently taking many years; and if he will make a statement on the matter. [22436/22]

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: I thank our guests for presenting their reports and dealing with our queries. Turning to the issue of the State's holdings in the various financial institutions, I understand that more AIB shares are being offloaded by the State. It was also announced before Christmas that the State would offload approximately 15% of its holdings over time. Regarding the cost to the State on day one and...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Okay but in real terms if we look at what Mr. Hogan is saying, back in 2008, 2009 and 2010, it was €29.4 billion. He is saying we got back €19.8 billion so there is a shortfall there-----

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: -----of €9.6 billion.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Taking the current valuations we have, what is his estimate? I am not tying him down on this because I am aware it varies by the day, if not the hour.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Absolutely.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: I am aware the market is very uncertain at the moment. If we decided in the morning to sell everything we have in all the banks then we would be down €4.6 billion in real terms.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: In theory.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Therefore it would have to be over a period.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Yes.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Does Mr. Carville feel we might be better off holding on to what we have if the bank is now into profitability, inasmuch as we can call it profitability given there is a still a huge debt there? Would the State not be better off holding on on the basis it will now get an annual dividend, assuming the bank continues to trade in a profitable manner?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Why do we need to reduce the shareholdings to zero? Why is there not a benefit for the State in having an input? The banks took major decisions the State had very little control over and then the taxpayers ended up being the net losers and the people had to bail them out. Why should we walk away and let them have a free hand without having some input in the long term?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Okay. On the shareholding we now have, is that going to be adversely affected in any way by the withdrawal of the Ulster Bank and KBC Bank from the market? Are we going to be in a more challenging position as a result of their withdrawal?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: Okay. I move on to one other area. The Exchequer figures for the end of April show a substantial increase in tax. I am aware that is taking into account that there was a reduction because of the Covid lockdowns, etc. I raise long-term planning and one of the problems we had in 2008 and 2009. Other countries do long-term planning where there is a fund built up that the state can dig into...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: But is the disadvantage then that if there is a sudden downturn and no rainy day fund, we are then at the mercy of the lenders if the State wanted to continue key projects and the lenders are saying they will not give any funding? It is thus at a disadvantage. I am just wondering about that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
(5 May 2022)

Colm Burke: All right. I thank the Chairman.

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