Seanad debates

Thursday, 20 November 2003

Personal Injuries Assessment Board Bill 2003: Second Stage.

 

One benefit of the Bill which should not be forgotten is that it will greatly reduce the amount central and local government have to pay out in compensation. By cutting the cost of public liability, savings should be made by the various State agencies. This will have an effect on finances nationwide, from every local authority budget right through to the Exchequer purse. Less money should be paid out in compensation which, in turn, will leave more money to be spent on public services. This can only be a positive development. Effectively, citizens of this State should not only enjoy cheaper insurance and lower prices for goods and services but they should also benefit from more money being spent towards the public good.

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