Results 10,821-10,840 of 20,410 for speaker:Brian Stanley

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Brian Stanley: The can was kicked down the road in terms of the schedule of payments. The first big refinancing happened at the time Michael Noonan was Minister. When do we see ourselves out of the bank debt completely? When will we have it finally paid off?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Brian Stanley: It is fungible. We have mixed it in that much that we do not know now. I remember there was talk at the time in the Chamber that there was a period of decades where part of it would not be paid at all. The can was kicked down the road, so to speak. It probably made sense at the time. What I am trying to ascertain is for the public to know when we will finally be relieved of this...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Brian Stanley: What we are looking at is something in excess of €500 million a year to pay back the bank section of the debt.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Brian Stanley: Around €1 billion.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Brian Stanley: The bank debt is costing the taxpayer €1,000 million a year to service it, but that is likely to increase at some point down the road, if I recall correctly the way the repayments were scheduled.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Brian Stanley: Could I ask for a note in plain English rather than economist-speak that the public would understand on where matters stand? I understand the witnesses do not have the information with them, but it is an issue we must address. It is better housekeeping to keep different debts separate. However, I can see the logic of mixing it all into the one, in that the debt can be refinanced at lower...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Brian Stanley: I thank the witnesses for joining us today and the Department for the work involved in preparing for the meeting. I thank Mr. Seamus McCarthy, Mr. McKeon and the staff in the Office of the Comptroller and Auditor General for assisting us. Is it agreed that the clerk will seek any follow-up information and carry out any agreed actions from the meeting? Agreed. Is it also agreed that we...

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: The business before us is as follows: minutes, accounts and financial statements; correspondence; work programme; and any other business. The first item is the minutes of our meeting of 28 April, which have been circulated to members. Do members wish to raise any matters in respect of the minutes? Are they agreed? Agreed. As usual, the minutes will be published on the committee's web...

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: Okay. Since no member wishes to comment, can we agree and note the accounts and statements? Agreed. As usual, the listing of accounts and financial statements will be published as part of our minutes. We will move on to correspondence. As agreed previously, items that were not flagged for discussion at the meeting will continue to be dealt with in accordance with the proposed actions...

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: My sense is that it is, but I cannot say for certain.

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: Yes, we could ask for clarification on that. There certainly is a wide variation in it. We can seek that clarification. No. 1207B, correspondence from Mr. Peter Walsh, chief executive, Transport Infrastructure Ireland, TII, dated 22 April 2022, provides further information requested by the committee arising from our meeting with TII on 3 February 2022. It is proposed to note and publish...

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: Does the Deputy have a question to put to it?

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: We will ask for the information.

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: The project the Deputy is raising specifically is-----

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: Is everybody happy with that? We will note and publish the correspondence and follow-up. No. 1209 B is from Mr. Robert Watt, Secretary General of the Department of Health and is dated 25 April 2022. It provides information requested by the committee on the national children's hospital. Our first question concerned controls for delays and sanctions. While the contractual provisions are...

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: With regard to the fires, when we did the site visit there this time last year I was informed that day that there had been an extraordinary number of fires on the site up to that date. We were there last June. That has continued. We will seek clarification on that and on the damages in terms of the financial cost of it. Is it in any way feeding into these claims? Is the cost of it being...

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: Okay, the point has been made. We are due to have the board before the committee. I checked the work programme and it has been confirmed to me that we have corresponded with the board and that it will be before the committee on 16 June, which is approximately five weeks hence. We can try to question the board further then. In the interim, what is being proposed is that we write to the...

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: Keep that separate for the moment. It is just the claims-----

Public Accounts Committee: Business of Committee (5 May 2022)

Brian Stanley: Under Standing Orders, we have the power to send for persons, papers and records. We have that power. We just need to confirm that.