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Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: It is accurate. It is part of the briefing documents for the committee.

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: It is €4.6 billion. The sum relates to the capital value of PPP expenditure.

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: Yes.

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: I have a couple of questions for Mr. Kelly and Mr. O'Connor but I will not keep them long. The opening statement was taken as read, but it states that in 2030, the forecast cost of borrowing will be €10 billion. I note that has reduced by €4 billion or maybe €5 billion. That is a very welcome development and very positive for the country. On the sustainability of...

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: Mr. O'Kelly discussed that already, that is fine. Mr. O'Kelly touched upon quantitative easing and the benefits we have experienced as a result of that. Will this easing have an impact on the sovereign bonds?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: On Brexit, which is a topic we discuss regularly at this committee, is it an issue on the NTMA's risk register and what steps are being taken to minimise potential risks?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: Has NTMA any formal role in review of the capital plan, specifically in financing the plan?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: Another thing that we have discussed quite a lot at this committee is off-balance sheet funding. There appears to be a reluctance on the part of the Minister in this regard. Has the NTMA examined this issue in terms of funding projects which will not appear in the national accounts? What advice has it for the committee in the context of off-balance sheet funding for projects?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: Mr. O'Kelly mentioned the Ireland Strategic Investment Fund, ISIF. A key issue is the extent to which the public bodies engage with that and show a commercial return for projects they are putting forward. Is the National Treasury Management Agency, NTMA, happy with the level of engagement with public bodies? What message would the NTMA want to send to those seeking funding for those types...

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: Mr. O'Kelly is happy overall with the level of engagement.

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: On the issue of the European Investment Bank, EIB, funding, it opened a branch in Dublin in 2016. The EIB is anther source of funds for the Irish Exchequer. Does the NTMA have a role in that sphere?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: How does the cost of funding from the EIB compare with the rates being secured by the NTMA?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: Yes, of course.

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: The witnesses were asked by a number of Deputies about the PPPs. Where do public private partnerships work well? For example, school bundles appear to be a very positive avenue for the NTMA to go down. Is that a good example of where the NTMA can expand?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

Lisa Chambers: I thank both witnesses for appearing before the committee, giving their evidence and engaging actively and genuinely in terms of all the questions put to them.

Select Committee on Children and Youth Affairs: Estimates for Public Services 2017
Vote 40 - Children and Youth Affairs (Revised)
(8 Mar 2017)

Lisa Chambers: I thank the Minister for her statement. I have a couple of questions. First, I very much welcome the increase in funding for the Department, which is up by 16%. I am sure the money will be put to very good use. A total of €1.6 million is available by way of capital carryover. Could the Minister indicate what capital investment was not completed last year? There seems to be an...

Select Committee on Children and Youth Affairs: Estimates for Public Services 2017
Vote 40 - Children and Youth Affairs (Revised)
(8 Mar 2017)

Lisa Chambers: No. It was the children and young people's services committees, CYPSCs.

Select Committee on Children and Youth Affairs: Estimates for Public Services 2017
Vote 40 - Children and Youth Affairs (Revised)
(8 Mar 2017)

Lisa Chambers: I seek clarification. When the Minister uses the term whole-time equivalent social workers, what does she mean? Has she a number of part-time staff who are added together?

Select Committee on Children and Youth Affairs: Estimates for Public Services 2017
Vote 40 - Children and Youth Affairs (Revised)
(8 Mar 2017)

Lisa Chambers: The Minister stated there are currently 1,467 whole-time equivalent social workers and by the end of this year, she hopes to bring that up to 1,520. However, the Minister states she will fall short by roughly 100 on the basis of the targets set in 2015. The Minister stated it was a graduate problem, as we do not have enough qualifying.

Select Committee on Children and Youth Affairs: Estimates for Public Services 2017
Vote 40 - Children and Youth Affairs (Revised)
(8 Mar 2017)

Lisa Chambers: Did the Minister state she has been in discussions with the HEA?

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