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Dormant Accounts Fund

Dáil Éireann Debate, Thursday - 14 June 2018

Thursday, 14 June 2018

Ceisteanna (37)

Peter Burke

Ceist:

37. Deputy Peter Burke asked the Minister for Rural and Community Development the status of progress of the 2018 dormant accounts action plan and on ensuring the funding can be spent to achieve the objectives of the dormant accounts legislation; and if he will make a statement on the matter. [25857/18]

Amharc ar fhreagra

Freagraí scríofa

My Department commenced the process of preparing the 2018 Dormant Accounts Fund Action Plan in February this year.  In order to initiate the process, I wrote to Ministers in February requesting that their Departments identify potential projects or programmes which might be included in the Action Plan. 

Following the receipt of initial proposals from other Departments and agencies, my Department undertook a series of bilateral meetings to discuss the potential measures for inclusion in the Action Plan in greater detail.

The 2018 Dormant Accounts Action Plan is currently being finalised and will be submitted to Government shortly. The Plan will thereafter be laid before the Houses of the Oireachtas and published on my Department’s website.  

I can also confirm that my Department is currently undertaking a review of the Dormant Accounts Disbursement Scheme 2013-2016 and the findings of the report of the Comptroller and Auditor General on the Dormant Accounts Fund.

The key focus of my Department’s review is to address the points raised by the Comptroller and Auditor General and to ensure that the significant resources currently available from the fund are used in an efficient and effective manner.  The review will also identify and consider wider and longer term issues, including how to best ensure the long term sustainability of the Dormant Accounts Fund.

Much of the work already ongoing in relation to the Fund, including the preparation of the 2018 Dormant Accounts Action Plan, has been informed and guided by the issues raised by the C&AG and the ongoing review being carried out by my Department.

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