Seanad debates

Tuesday, 17 December 2002

National Development Finance Agency Bill, 2002: Second Stage.

 

There are a number of other areas in the Bill about which I am concerned. It establishes State-owned companies which have the power to raise money without a State guarantee. Is this just a ploy to make the companies appear to be outside the public sector while will, in reality, remain within it? Is the Minister trying to fool the taxpayer? The Bill makes scant provision for either transparency or accountability within the SPCs. One thing about which we have learned in recent years is the demand for more transparency and accountability in the operation of Government agencies and State-sponsored companies.

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