John Gilroy (Labour)

NAMA's financial objectives are clearly set out in the latest report and include an immediate target to reduce its debt by 24% by 2013 and ultimately to achieve a surplus on its activities by 2020. This looks reasonable. It will be a great relief when this is achieved but it might not be all plain sailing and we might face some headwinds. How likely does the Minister think it is that the economic conditions predicted for NAMA to achieve its aims will materialise? Concerns are also raised about NAMA being unable to collect the expected cash from debtors and failing to achieve the maximum obtainable price when assets are disposed of. This latter point is Senator Daly's main concern and he expressed his concerns in the House with regard to a land transaction in Cork which he feels may not have maximised the proceeds of the sale. I invite him to provide the information we are all very anxious to see in this regard.