Results 2,821-2,840 of 8,688 for speaker:Verona Murphy

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: The public can draw their own conclusion, Chair. Mr. Bakhurst will have heard in the budget that RTÉ is getting €16 million. When he appeared before the Joint Committee on Tourism, Culture, Arts, Sport and Media last month, he said a sum of €34.5 million in interim funding would be required. How much cash does RTÉ have on reserve?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Does Mr. Bakhurst have a figure?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: A sum of €68 million at the end of August. How long does RTÉ expect that money to last?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Into when, though?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Okay. Can Mr. Fives tell the committee what capital is required monthly to run RTÉ?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: If we break that down monthly-----

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: The expenses vary over income.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Okay. At the outset, RTÉ has done an analysis of how long that money should last if it does not get any more money.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Are there monthly losses? Are there months where losses are recorded over-----

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Would they be more frequent than profit?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: Has RTÉ recorded losses up to September?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: How much?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: That really is not a satisfactory answer. This is the Committee of Public Accounts. Does Mr. Bakhurst know the current loss figure to September 2023? It does not have to be to the euro.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: A rough figure, within a million.

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: The €10 million to €12 million range. Is it correct to say from reports that the overdraft facility or borrowing capacity is €100 million?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: How much of that has RTÉ used?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: So €65 million. If we add the €12 million to the €65 million, it becomes €77 million. That means that if RTÉ does not make huge profits by the end of the year-----

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: RTÉ does not have that. It has €68 million, and if we add the €12 million Mr. Fives is talking about in terms of borrowing-----

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: We could go into it whether or not the €65 million that RTÉ has borrowed can be covered, but what I am trying to ascertain is whether have a deficit paying the licence fee since this whole debacle started. The usual annual recorded figure for evasion or non-payment of the licence fee is €65 million. Is that not correct?

Public Accounts Committee: Appropriation and Expenditure of Public Moneys by RTÉ (Resumed): Discussion (12 Oct 2023)

Verona Murphy: According to the reports and the accounts, it is €65 million annually. I want to know if the €21 million that has been recorded since this started has to be added to that or is part of that.