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Public Accounts Committee: Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council (30 Nov 2023)

Catherine Murphy: They have to make it up. I want to ask about the IBRC. In the tenth progress report, relating to 2021 and 2022, Russia and the Czech Republic are included together. Why is that the case? I think we can all appreciate that Russia would be in a different category. There is 57% of the portfolio of assets in Russia and the Czech Republic. Do we know what the figure is for the Czech...

Public Accounts Committee: Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council (30 Nov 2023)

...rescuing the banks, which we had to spend, given we did not have any choice. Some €35 billion, in round numbers, of that is gone, through Irish Nationwide and the Irish Bank Resolution Corporation, IBRC. We might get less than €1 billion, perhaps €500 million, back but to all intents and purposes it is gone. A total of €29.4 billion went into the three...

Public Accounts Committee: Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council (30 Nov 2023)

Brian Stanley: ...they are commercial entities. I understand that part of it. We are at their mercy on that point. I will turn to the banking unit within the Department. The Irish Bank Resolution Corporation, IBRC, has been liquidated and NAMA is being wound down. We are nearly at the tail-end of that. The State ownership of the banks has reduced. Is there still a need for the banking unit?