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Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Are they staff of the NTMA?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: How often do they meet?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Are there minutes of those meetings?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Who is the chairperson of that group?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: The amount of money is so large that the Committee of Public Accounts could do with reassurance from the Apple-Ireland committee that it has seen the audit report from both sides. We presume they are identical but we would like to verify that.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: No, Apple must have done an audit on this escrow account.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Apple has not done an audit.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: How does Mr. O'Kelly know that? Is it from the work of the joint committee?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Does Apple plan to do an audit?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Is it possible for the NTMA to use its good offices to get us a note on-----

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: We do not want to hear in two years' time that Apple is not satisfied with something after the NTMA has said everything was in order. Apple may have a different view, although I presume it takes a view that is identical to that of the NTMA.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: We want to have that verified in a transparent manner. That is all I am asking.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: I have a question about the Strategic Banking Corporation of Ireland. Page 17 of the NTMA's financial statements notes that its investment has supported 32,000 jobs in Ireland. Does the NTMA make funds available to the Strategic Banking Corporation of Ireland?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: The SBCI is a separate organisation.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: The SBCI, in its financial statements, states that it is supporting 40,000 jobs or whatever the case may be.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: That includes the NTMA's investment in the Irish Strategic Banking Corporation.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Can the NTMA give us a breakdown on the 32,000 jobs it supports? Are they organisations? To give an example, IDA Ireland often states how many jobs it supports. It may give a small grant to an organisation that employs 500 people and then say it is supporting 500 jobs. Can the NTMA give us a breakdown of these 32,000 jobs? Would we not have those jobs without the NTMA?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: I know but I am only asking about that bit.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: Employment is a big aspect of the Irish economy.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018
(4 Jul 2019)

Seán Fleming: It is highlighted here so I ask the NTMA to provide a breakdown of these 32,000 jobs, whether by category, region or companies employing under 500 people, over 50 people, or whatever the NTMA thinks is reasonable.

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