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

Catherine Murphy: Does the agency have a way to measure clinical cases?

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

Catherine Murphy: I am not talking about individual cases but numbers. I am trying to get to a question I asked Mr. Breen earlier about looking at causes and which he answered.

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

Catherine Murphy: I wish to follow on from what Deputy Catherine Connolly asked this morning about the investment in housing within the private sector. There is ethical investment in other areas. Would the NTMA fund the construction of developments wholly run by REITS? They may well be foreign investors that are subject only to withholding tax. Does the NTMA look at for whom buildings are likely to be built?

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

Catherine Murphy: That is what I am worried about. Not only are they able to achieve very high rents, they also pay very little tax. To understate it, it would be very undesirable to invest public funds to build where such an advantage would accrue to the investors.

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

Catherine Murphy: The pensions reserve fund stands at €8.9 billion.

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

Catherine Murphy: The one which was not called the pensions reserve fund. We used most of it, around €19 billion to bail out the banks at the time, or it was not quite a bailout. That was initiated a long time back and was building up. There is a real pensions time bomb. The fund is now a portion of what it was almost eight or ten years ago. Has the NTMA done projections about what the requirements...

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

Catherine Murphy: Considering that there was €5 billion to invest and it is now €8.9 billion, that is potentially a sizeable difference if things had remained as they were and there was no further money invested into it. When we talk about the pensions time bomb and the adequacy of the provisions, is that something the NTMA projects or is it done at departmental level?

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

Catherine Murphy: Is this money there to be used for that sole purpose?

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

Catherine Murphy: Right. On the pensions time bomb and the ageing population, while I wish we could hold the time back, when are we getting into serious trouble in terms of funding pensions?

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

Catherine Murphy: I thank the Comptroller and Auditor General. The NTMA said it would issue so-called green bonds. I believe Poland and Belgium have done so. How does that work? Is it separate money and a separate process? Does it require a policy initiative or can the NTMA itself initiate it?

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

Catherine Murphy: Is this all private money or is there some Government money associated with it?

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

Catherine Murphy: How does that work with the general government debt?

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

Catherine Murphy: It is just using the money differently.

Written Answers — Department of Health: Medicinal Products Availability (12 Jul 2018)

Catherine Murphy: 482. To ask the Minister for Health the position regarding the reimbursement of the drug Translarna; if he has received a submission regarding same from a group (details supplied); the timeframe in which the submission will be reviewed; and if he will make a statement on the matter. [32236/18]

Written Answers — Department of Employment Affairs and Social Protection: Departmental Websites (12 Jul 2018)

Catherine Murphy: 706. To ask the Minister for Employment Affairs and Social Protection the way in which the privacy notice on her Department's website was changed on 6 July 2018; the person or persons that agreed to the change; the way in which special category data will be processed; the reason the online wording of the privacy notice was changed a number of times on the morning of 6 July 2018; and if she...

Written Answers — Department of Employment Affairs and Social Protection: Data Protection (12 Jul 2018)

Catherine Murphy: 707. To ask the Minister for Employment Affairs and Social Protection if biometric data is processed and stored by her Department (details supplied); and if she will make a statement on the matter. [32255/18]

Written Answers — Department of Housing, Planning, and Local Government: Social and Affordable Housing Data (12 Jul 2018)

Catherine Murphy: 755. To ask the Minister for Housing, Planning, and Local Government the target date for the commencement of an affordable housing scheme; and if he will make a statement on the matter. [32365/18]

Written Answers — Department of Housing, Planning, and Local Government: Housing Data (12 Jul 2018)

Catherine Murphy: 752. To ask the Minister for Housing, Planning, and Local Government the overall new build housing target he is working to for 2018 and each subsequent year covered by Rebuilding Ireland; the targets for new build, social housing, affordable housing, cost rental, privately purchased housing and all other types; and if he will make a statement on the matter. [32362/18]

Written Answers — Department of Housing, Planning, and Local Government: Housing Data (12 Jul 2018)

Catherine Murphy: 753. To ask the Minister for Housing, Planning, and Local Government the targets for housing output for 2018 and each year remaining under the Rebuilding Ireland plan by type of output, that is, all newly constructed plus all other arrangements such as leasing and use of vacant units; and if he will make a statement on the matter. [32363/18]

Written Answers — Department of Housing, Planning, and Local Government: Housing Data (12 Jul 2018)

Catherine Murphy: 754. To ask the Minister for Housing, Planning, and Local Government the new build housing target that was set for 2017; the way in which this compares to output by housing type; and if he will make a statement on the matter. [32364/18]

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