Results 23,841-23,860 of 34,778 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: I will return to that matter. The National Development Finance Agency will be on the agenda of today's meeting because it is part of the National Treasury Management Agency. The next item is a briefing note on procurement in the HSE. When we meet representatives of the HSE to discuss its annual report we should refer to the sample showing the proportion of HSE procurement that did not go...
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: We will put it in the work programme. In the meantime, we will write the letter and will get a specific response. The next item is category C, correspondence from or in relation to private individuals and any other correspondence. No. 34C is from the Department of Children and Youth Affairs in reply to previous correspondence regarding funding from the Department to Stoneybatter Youth...
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: Thank you. You can bring it back then. The next item is No. 35C, a further item of correspondence from an individual, the origin of which relates to an alleged wrongdoing by Horse Racing Ireland. As I mentioned at our meeting two weeks ago, the individual has been in regular contact with the previous Committee of Public Accounts, several Departments, Deputies and gardaí over the...
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: We will write to Tusla and ask for a detailed note on the matter, and we will put Tusla on our work programme.
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: We will put Tusla on the work programme. The next accounts are the Higher Education Authority, clear audit opinion; Dublin Institute of Advanced Studies, clear audit opinion; Irish Fiscal Advisory Council, clear audit opinion; and Microfinance Ireland, clear audit opinion. Microfinance Ireland is a small organisation issuing micro loans. Next, the Housing and Sustainable Communities...
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: The National debt, NTMA, Post Office savings funds, State Claims Agency, Dormant Accounts Fund, Ireland Strategic Investment Fund and the National Pensions Reserve Fund are all in the book, which is the subject of today's meeting. They all have a clear audit opinion and we will be able to discuss them at length with our witnesses when they arrive today. Regarding the work programme, we...
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: Explain the process.
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: We will write formally to the Minister asking him to lay the report in the Oireachtas Library when he receives it. That is the official way to proceed. The Houses of the Oireachtas do not have to be sitting for him to do so. We can ask that it be dealt with as early as possible. There have been occasions in the case of other reports when the Minister who has 90 days in which to do so has...
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: That could mean it would not be made available until the end of October, which would be no good. We will ask the Minister to publish the report straightaway, explain to him that we have a meeting scheduled for 29 September and that we must have it in sufficient time in advance to allow us to conduct a productive meeting on that date and ask him to publish it much earlier, if possible. Is it...
- Public Accounts Committee: Business of Committee (21 Jul 2016)
Seán Fleming: Absolutely. Representatives of the HSE will be back.
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: I welcome Mr. Conor O'Kelly, chief executive officer, National Treasury Management Agency; Mr. Ciaran Breen, director of the State Claims Agency; Mr. Ian Black, chief financial and operating officer of the National Treasury Management Agency; and Mr. Eoin Dorgan from the Department of Finance. By virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute...
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: I ask Mr. O'Kelly to make his opening statement.
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: I thank Mr. O'Kelly. Before I invite Deputy Rock to contribute, I wish to ask Mr. O’Kelly a question on the national interest payment. I am reading from a schedule on government debt and gross debt in 2015, the source being the European Commission. It gives for each EU member state the level of gross debt, the interest payable as a percentage of GDP, the interest payable in actual...
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: I am not convinced. Mr. O'Kelly has explained every single case away. Each country has a good reason as to why its interest rate is a bit different, including domestic factors and every other factor Mr. Kelly just mentioned. I am sure that if the governments of those countries were asked a similar question in their parliaments, they would find other reasons as well. I am just saying that...
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: I will conclude with this. I am looking at the document the Minister produced on budget day. The expected payments on the national debt are set out at C.47 of the public budget document he produced. It sets out two figures for the national debt interest. It refers to the cash payment and then the euro statistic interest payment on an ESA 2010 basis. Mr. O'Kelly knows what that means,...
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: We will come back.
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: Can Mr. O'Kelly say that slowly again because we are in macroeconomics here? Mr. O'Kelly is saying that buying back a Government bond of €100 million would cost, given its market value, €130 million.
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: Did we underprice it when we sold it if it is worth so much more now? Mr. O'Kelly says it is worth €130 million in the market even though we only got €100 million for it.
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: There must be a very high interest rates if it is worth so much more.
- Public Accounts Committee: 2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015 (21 Jul 2016) Seán Fleming: Are some of our bonds trading at a much higher premium than their face value then?