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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)

Cormac Devlin: ...said, there is much to touch on within the Department. There are six specific items I want to ask about, namely, the NTMA; the EU budget; Irish Water; the Covid-19 credit guarantee scheme; the Apple escrow fund; and legal costs - just to forewarn the Department officials. I will turn to the NTMA first and the long-term issuances in 2020 totalling €26 billion. I am just...

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)

Cormac Devlin: Turning to the Apple escrow fund, the Comptroller and Auditor General outlined a number of elements of this in his opening remarks, as did Mr. Hogan. What is the up-to-date position regarding the fund at the end of March 2022?

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Cormac Devlin: ...does Mr. O'Kelly estimate the amount in the fund dropping further? Is there an exposure to the State if the fund is not managed and is decreasing in value all the time? There is an equal relationship between Apple and the NTMA in managing the fund. I ask Mr. O'Kelly to comment on that matter.

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