Seanad debates
Tuesday, 17 December 2002
National Development Finance Agency Bill, 2002: Second Stage.
I do not see the need for this Bill. I read the Official Report of the debate in the other House and listened to Committee Stage but I am still not clear about its purpose. Either it is an effort to remove a serious amount of borrowing from balance sheets in an unaccountable way or it adds another layer of bureaucracy to the already extensive layers of bureaucracy we have. Either way, the Bill is wrong in principle or unnecessary in practice.
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