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Public Accounts Committee: Business of Committee (19 Apr 2018)

Seán Fleming: We have one meeting scheduled for third level education on 14 June. Some of those will come in on that date.

Public Accounts Committee: Business of Committee (19 Apr 2018)

Seán Fleming: As a committee, we will try to agree how to handle those colleges.

Public Accounts Committee: Business of Committee (19 Apr 2018)

Seán Fleming: That has been requested.

Public Accounts Committee: Business of Committee (19 Apr 2018)

Seán Fleming: Deputy Cullinane, who is not here, had asked to deal with something in private session. As he is not here, we can deal with it later if the opportunity arises. Alternatively, we can hold it over to the next day. There being no other business, we will suspend for a moment to allow the witnesses to take their seats.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: We resume in public session. There will be two sessions today, the first of which is to examine and discuss with officials from the Department of Finance and the Department of Public Expenditure and Reform Chapter 5 of the Comptroller and Auditor General's 2016 report on fiscal transparency. In our second session we will examine matters relating specifically to the Department of Finance with...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: Is the Deputy referring to chapter 5 on fiscal transparency?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: Is that question directed at the Department of Public Expenditure and Reform or the Department of Finance?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: I ask the Deputy to hold that question. Does he have specific questions for the Department of Public Expenditure and Reform on the opening statement of the Comptroller and Auditor General? We will come back to the witnesses from Department of Finance after the witnesses from the Department of Public Expenditure and Reform have left to get answers to those questions.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: The Deputy has used about half of his opening time.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: Before Mr. Beausang leaves, I will put a number of questions to him and then we will take the opening statement. Does anyone else wish to come in on this chapter?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: I call Deputy Connolly, and the rest of the speakers can come in when we finish this topic.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: Two years.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: It was consolidation of the finance statement and the appropriation accounts, paragraph 5.21 of the Comptroller and Auditor General's report.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: The officials were saying that requires legislation.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: The last speaker on this topic is Deputy Cullinane, after which we will move on the main business.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: There is mobile phone interfering with the recording. I ask members and witnesses to ensure their phones are switched to flight mode.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: Finally, to conclude this particular session, there are a couple of questions I want to put to Mr. Beausang. He just touched on one of them. When the IMF was in town it was here, in partnership with the EU, as the troika. Did they heavily consult the European Union and EUROSTAT about the recommendations?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: On the IMF's report, in fairness to people here, I have to put it in context with reference to the first paragraph of the chapter. It reads: "A team from the International Monetary Fund (IMF) visited Ireland in March 2013, at the request of the Secretaries General of the Departments of Finance and Public Expenditure and Reform, to evaluate". The witnesses invited them to give us some help....

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: I have quick questions on the document before us. It is good that we have it. I am looking at page 71, but the question is not specific to it. The witnesses mentioned the National Asset Management Agency, NAMA, and that in the recent accounts the contingent liabilities for it were taken off the balance sheet. Is the expected surplus of €3 billion included in the State's balance...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 5 - Fiscal Transparency
(19 Apr 2018)

Seán Fleming: The witnesses can see from where the Committee of Public Accounts is coming. We know that €3 million is sitting there-----

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