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Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Yes.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: That is all I am asking.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Finally, with regard to the legislation, there is a list of five Bills. I must ask a question on the infamous Valuation (Amendment) (No. 2) Bill. It arises on the Order of Business every second week at this stage. The Taoiseach says in response that it is "in committee".

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: What are the chances of this Bill ever getting out of the Seanad?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Mr. Watt knows what it is about; it is about self-assessment. It makes changes with regard to appeals and so forth but the real issue is self assessment. I believe we must bring it to a conclusion one way or the other. There are too many Members asking, both inside and outside the Dáil, whether this is going to happen or not. The Government must make a decision whether it is going to...

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: That is fair enough. I understand that.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Should there be?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: That was the case in the past.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: The witness knows the basic figures for foreign direct investment, for example. Dublin, Cork and Galway get approximately 82% of that, which is a huge proportion when considering the country as a whole.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: There is an immense disparity between the three urban areas and the rest of the country.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: This is something that could amount to approximately €12 billion or €13 billion but nobody has given any thought to any regional aspect. It is a potential deficit.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: This has started already.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: The Minister for Finance has given the presentations and stated we are open for business, or essentially, to bring it on.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Mr. Watt has been around the financial world long enough and he knows equity funds do not really take public policy into consideration. We have given them the job of finding these commercial investments, and nobody has taken into account the fact we may be looking not only at a two-tier economy but a two-tier recovery, which is what I want to avoid. This legislation should try to avoid that...

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: That is fair enough.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Mr. Watt is not the first person to which I have thrown this question. I have asked some current and former IDA officials about this and they have argued that money should be earmarked for the regions. Their opinion is based on the fact that there are people within the IDA who do not examine regionalisation the way they should, and as long as we have these figures for the country as a...

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Mr. Watt knows from where I am coming.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: The point is that the gap is widening between Dublin and the two other urban areas and the rest of the country. That must be taken into consideration in the drafting of the legislation, and we must examine how and where the money is being spent. I am not so sure anybody in the Department has done that yet.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: Fair enough.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

John Deasy: I want to ask about what was characterised as "significant gains" in productivity across the system. As the witness mentioned, people have had new working arrangements imposed on them, including longer working hours, new rosters and standardised arrangements for annual and sick leave. What did Mr. Watt mean by that and where have there been gains in productivity across the sectors?

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