Results 13,821-13,840 of 26,396 for speaker:David Cullinane

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: A total of €1.5 billion from the ISIF will go into this rainy day fund.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: If that money was not put into a rainy day fund - let us say a decision was made not to transfer it in - what would that money be spent on?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: In what types of areas would it be invested?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: That is what I am trying to establish. It is accepted by almost all the economists, think tanks, expert groups and even the European Commission that there is a serious lack of capital investment in this State. There are huge challenges in social infrastructure, health and housing, as well as in transport in respect of roads, rail and ports. There are huge challenges in investment...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: I know it is a Government decision. Who administers the fund? Who decides where the money should go and how it is spent?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: Who decides how that money is spent?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: My point is that the money is taken from the NTMA and is put somewhere else. Is it asked its opinion? Was it a Government decision and the NTMA was not asked whether it was a good or bad development?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: Government policy is a matter for the Government. I am not asking Mr. O'Kelly to account for what the Government does. It can account for itself. What message are we sending out, however, that we have money in a fund that can be used for investment in areas where it is needed? What message are we sending out by taking that money out of that investment fund and putting it into a rainy day...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: Is Mr. O'Kelly saying that the NTMA had not done its homework and that there were not enough projects in the pipeline on which to spend the money? That does not really tally with where the majority of the experts are at. Economists and think tanks are saying there is a dire need for increased capital investment across the economy. The NTMA, on the other hand, is saying that while that...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: The NTMA has not identified enough projects, however.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: I know that. However, Mr. O'Kelly is saying there is a surplus of money which the NTMA may not be able to spend because there are not enough projects. Whatever about the rights and wrongs of it, I am not saying the NTMA is wrong. The factual position is that we have X amount of money to spend and we will spend as much as we can. It is dependent, however, on having pipeline projects in...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: When it is invested, it means it is spent.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: That is semantics. There are questions about the wisdom of it. However, we are not going to agree on that. We did put some questions to the HSE and the Department in respect of several court cases regarding the cervical cancer scandal, a number of which were settled recently. Are there 40 cases before the courts?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: The first claim we became aware of in the public domain was Vicky Phelan's. The majority of that claim, as was presented to the committee by the Secretary General of the Department of Health, came from the lab involved but €20,000 was paid for by the HSE.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: We know in the case of Emma Mhic Mhathúna that she got a €7.5 million settlement. We were told that there was an acceptance of liability by the HSE in respect of non-disclosure. Obviously, the main liability was with the lab. Is it still the case that the breakdown of who is responsible for what has not been worked out?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: Was the acceptance of liability in Emma Mhic Mhathúna's case the first time in any of the court cases that the HSE accepted liability in respect of non-disclosure?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: If it was €25,000 in the first case, will that be the benchmark for all other cases?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: Was that the same logic used in Emma Mhic Mhathúna's settlement?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: I am not asking Mr. Breen to do that because it would be unfair. In process terms, is it up to the court to decide who pays what share of the €7.5 million settlement?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017 (12 Jul 2018)

David Cullinane: There are three cases in which the HSE accepted liability for non-disclosure. Is it correct that there are monetary payments associated with these?