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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.

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

Verona Murphy: It is not year to date. So now it is really non-payment that equates to €86 million annually.

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

Verona Murphy: That is going to grow. I heard Mr. Bakhurst say that he does not believe that RTÉ is insolvent.

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

Verona Murphy: Does he believe it will be insolvent this time next year?

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

Verona Murphy: Well, if this trend continues.

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

Verona Murphy: When is the cut-off point for receiving that funding? When is the deadline?

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

Verona Murphy: Early spring next year.

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

Verona Murphy: If you do not get it, do you believe RTÉ will be insolvent?

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

Verona Murphy: Pardon?

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

Verona Murphy: Did you say "Yes", that you do believe if you do not get the funding-----

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

Verona Murphy: Okay. That is worrying. It is needed by spring next year.

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