Office Of The Comptroller & Auditor General

We certify the financial statements of 289 public bodies, auditing €270 billion of public money.

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OCAG 2021 reports

The results of the examinations below are being discussed by the Committee of Public Accounts from 9.30am on 26 January. Appropriation Account 2021 Housing, Local Government, and Heritage. Central Government funding of local authorities. Re-allocation of voted funds. The Housing Agency’s revolving Acquisition Fund. You can follow the proceedings on the Oireachtas website.

Section 2 Report - Unauthorised release of funds from the Central Fund of the Exchequer

The Exchequer control process is designed to ensure that funds issued by the Central Bank from the Central Fund are in accordance with the law. This report, prepared in accordance with the provisions of Section 2 of the Comptroller and Auditor General (Amendment) Act 1993, details an occurrence whereby there was a failure in this respect on 28 October 2022 when the Central Bank issued to the Minister €738 million more than the amount of credit that was available to him at the time.

Net cost of banking stabilisation measures

Measures taken by the State to stabilise the banking sector, following the onset of the financial crisis in 2008, have a long-term impact on the Exchequer. Based on information available up to the end of 2021, this examination has estimated that the net cost to the State from banking stabilisation measures, including substantial recapitalisation of domestic banks, was around €46 billion at 31 December 2021.

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