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Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: The IMF was here in 2013. Those recommendations were made in 2013, five years ago. Was most progress made following the Comptroller and Auditor General's chapter?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: The progress was made then and that was when the budget process got all the green circles.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: Yes, that is lovely. We are giving a green tick to the budget process and saying it has improved significantly and there are just three outstanding recommendations. What are they?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: I am looking at diagram 5.1 where the budget process gets all the greens. We have three orange, or they might be red. I am a bit colour blind so I cannot make out if it is orange or red. In any event, what are those three?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: I am looking at figure 5.1 which sets out the progress from the Comptroller and Auditor General's chapter.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: Will Mr. Beausang repeat what he said about PPPs? He said it a bit too quickly for me to understand. I understand what he said about pensions. What was said about PPP liabilities?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: Is there a deadline for the completion of the work on the financial management shared service?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: What is the deadline for its completion?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: That is important because Mr. Beausang said that is one that has to be done first before the Department makes decisions. Roughly, when will that be made?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: Just the date.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: Recommendations were made - we are not experts - and Mr. Moran says there are difficulties and he cannot go from cash to the accrual basis. I understand that. They have to look at it. Mr. Moran said clearly that the first big thing is to get the financial shared management. We have heard details on that before and nothing can happen until it is done. No decisions can be made.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: I am not questioning that.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: Lovely. So now-----

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: Decisions cannot be made until that is ready and it will not be ready for two more years.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: I am leaving the decision alone. I am just asking about the preliminary steps. This is a preliminary step that will not be completed for at least two years. Am I exaggerating?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: I am not criticising, I am simply-----

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: I am seeking to establish the facts. That is all. When the IMF set these, they were non-obligatory and the Department did not have to follow them. Did the officials accept most of them and have they gone back to the IMF to say we cannot do this? What exchange has there been since 2013?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: When was that?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: It is not reassuring to me. If the IMF says this and the Department is happy to go with it, but it is not really, there must be a procedure to go back and say the IMF has set targets or recommendations the Department cannot achieve.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Catherine Connolly: I am no fan of the IMF and I accept that. It is just the time span. At some stage - it is now 2018 - we have to say to the IMF that we are not following that because it does not make financial sense to us.

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