11 Dec 2019, 16.27

The Public Accounts Committee (PAC) will meet tomorrow, Thursday, at 9am with Pobal to discuss its 2018 financial statements.

Established by the Irish Government in 1992, Pobal, a not-for-profit company limited by guarantee, acts as an intermediary body working on behalf of Government and the EU to support social and economic development within Ireland.

In 2018, Pobal provided management and support services in respect of 25 major programmes for four Government Departments, the EU and other bodies.

The organisation received grants from the Oireachtas of €729 million and spent €730 million.

Expenditure included €695 million on Government supports in the form of grant payments distributed through Pobal to local and national community-based organisations, including €486 million on behalf of the Department of Children and Youth Affairs on early learning and childcare programmes. Pobal’s operating expenses amounted to €30 million in 2018.

Chairman of the PAC, Seán Fleming TD, said: “We will engage with Pobal regarding its internal financial control regime to safeguard public funds. The Committee will discuss how Pobal exercises its oversight role for the funding given to a  range of community and childcare bodies.”

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