Dáil Éireann Debate, Thursday - 22 June 2023
205. Deputy Rose Conway-Walsh asked the Minister for Finance further to Parliamentary Questions Nos. 195 of 20 April and 381 of 13 June 2023, if he will explain the discrepancy in the figure provided for the NTMA spend on consultant services in 2022; if he will provide details on the companies and purpose of the contracts with the NTMA; and if he will make a statement on the matter. [30279/23]
View answerThe two Parliamentary Questions referred to differed in scope regarding the type of services and the financial information requested in respect of such services. Accordingly, the data provided in the two responses is not directly comparable.
Parliamentary Question No. 381 of 13 June 2023, PQ reference 27962/23, sought details in respect of the total spend on consultancy services and on ‘business-as-usual’ functions, as required by the Code of Practice for the Governance of State Bodies 2016, for 2022.
In addition, under the NTMA element the published response for Parliamentary Question No. 381 of 13 June 2023 omitted in error information related to the Ireland Strategic Investment Fund. The full table of information related to the NTMA that should have formed part of the original PQ response is included now below.
|
- |
Consulting Services & ‘Business-as-usual’ – Total Spend 2022* |
|
|
National Treasury Management Agency |
€000 |
|
|
Legal |
262 |
|
|
Tax & Financial |
2,591 |
|
|
Actuarial |
665 |
|
|
Public Relations and Marketing |
133 |
|
|
Pension and Human Resources |
24 |
|
|
Facilities and Other |
133 |
|
|
Total Advisory fees |
3,788 |
|
|
‘Business-as-usual’ functions |
1,527 |
|
|
Total Professional Fees |
5,315 |
|
|
Ireland Strategic Investment Fund |
Legal |
2,850 |
|
Financial and Tax Advisory |
1,619 |
|
|
Total Advisory Fees |
4,469 |
Parliamentary Question No. 195 of 20 April 2023, PQ reference 18731/23, sought details of the services of consultants enlisted in 2022 and the purpose and value of those contracts.
The NTMA has advised me that their response to that Question contained details of contracts signed by the NTMA in 2022 with consultants that provided expert advice across all five of the NTMA’s statutory mandates (Funding & Debt Management, Ireland Strategic Investment Fund, National Development Finance Agency, New Economy & Recovery Agency, State Claims Agency) and the associated corporate functions. Certain contracts entered into by the State Claims Agency in the performance of its statutory mandate in relation to claims management (such as medical and non-medical expert witness services and Barrister services) were not included in this response on the basis that they were not considered to be "consultants" within the meaning of the PQ.
The amounts specified were the estimated total value of the relevant contracts over their lifetime, except where otherwise specified.”
