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APPENDIX 4
Ms Clíona O Rourke Clerk to the Committee Committee of Public Accounts Leinster House Dublin 2. 24 July, 1996 Re: Meeting of 11 July - Office of the C&AG - Report on Value for Money Examination - FEOGA Borrowing. Dear Ms O Rourke Thank you for your letter of 18 July, 1996 enclosing a typescript photocopy of the minutes of evidence of the above. In reply, I return herewith the document with certain amendments suggested to pages 2 and 15. In relation to the suggested amendment to page 2, my statement has to be considered in the context of the remarks made prior to my intervention by Mr Dowling about the effect on the General Government Debt if the NTMA were to take over the treasury management functions of FEOGA. The point is that similar considerations would apply if the debt of (commercial) State bodies were to be managed by the NTMA i.e. the debt of these bodies would be counted as part of General Government Debt. (The debt of non-commercial State bodies is already included in GG Debt). If that context is not clear, perhaps it would be better if the second sentence of my comments was prefaced by the following phrase in italics:- “Apart from its impact on General Government Debt, other factors are also involved with the State bodies”. Yours sincerely,
N A Ó Murchú
27 March 1997 Ms Cliona O’Rourke Clerk to the Committee of Public Accounts Leinster House Dublin 2 Dear Ms O’Rourke I have been asked by the Secretary, Mr Michael Dowling, to refer to your letter of 12 July 1996 arising from the meeting of the Committee on 11 July 1996, which discussed the Comptroller and Auditor General’s Value for Money Report on FEOGA Borrowing. The delay in replying to your letter is regretted. At 31 December 1996 the total expenditure met by the Department exceeded the amount received from FEOGA by £252.8m. Yours sincerely
Maura Ruddy Private Secretary |
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