Seanad debates
Tuesday, 29 June 2004
Dormant Accounts (Amendment) Bill 2004: Second Stage.
8:00 pm
Cyprian Brady (Fianna Fail)
Somebody observed that politicians now live by the god of openness, accountability and transparency. This Bill increases the transparency of the process by making the Minister for Finance more accountable for the allocation of funds. The process is already transparent. For example, I was able to access the website of Area Development Management Limited and see specifically how and for what purpose funds were disbursed. Some €157,000 was allocated to the Merchant's Quay Project and a figure for managing drug-related neighbourhood programmes was given. That is detail, accountability and openness.
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