Dáil Éireann Debate, Thursday - 7 July 2022
156. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated cost of increasing the funding to the Office of the Director of Corporate Enforcement by 10%, 15%, 20% and 25% in tabular form. [36851/22]
View answerAs the Deputy will be aware, the Corporate Enforcement Agency will be formally established very shortly and will effectively subsume the Office of the Director of Corporate Enforcement. The new Agency will have greater autonomy and flexibility in terms of the ability to recruit staff with the necessary skills mix and depth of experience to meet the reinforced mandate of the CEA.
In preparation for the establishment of the new Agency, the overall budget allocation for the ODCE was increased by almost 30% to €7.75 million in 2022. The table below sets out the estimated costings of increasing funding to the ODCE/CEA by 10%, 15%, 20% and 25% respectively.
|
REV Allocation 2022 (€,000) |
10% Increase (€,000) |
15% Increase (€,000) |
20% Increase (€,000) |
25% Increase (€,000) |
|
|
Office of the Director of Corporate Enforcement C7 |
7,750 |
8,525 |
8,912.5 |
9,300 |
9,687.5 |
