Dáil Éireann Debate, Thursday - 6 October 2016
90. Deputy Jim Daly asked the Minister for Finance if a use it or lose it by year end rule is or has been in operation within his Department when devolving funding to agencies under his remit on an annual basis; and if he will make a statement on the matter. [29196/16]
View answerIn respect of the 18 bodies under the aegis of my Department only one, the Disabled Drivers Medical Board of Appeal, is in receipt of funds from the Department of Finance Vote. Funding to this Board is by way of a recoupment of costs incurred by it during the course of the year. Recoupment takes place at the end of the year, at which time the costs are known so the premise quoted by the Deputy is not relevant in this case.
The policy of my Department is to operate in accordance with public financial procedures, which require that payment is initiated when a liability has been incurred, and when payment is due (taking account of Government payment terms).
