Review Group on State Assets and Liabilities
The Review Group on State Assets and Liabilities was recently established by the Minister for Finance to examine and provide advice on the proper stewardship of state assets and on opportunities for the better use of those assets. The Group will carry out its analysis in the coming months and report to the Minister by the end of the year. As part of this, the Group will consult closely with those Government departments and State bodies that have oversight of the relevant assets (including commercial semi-state companies and regulators).
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The Group is also seeking submissions from other interested parties by way of public consultation. Cuireadh chun aighneachtaÍ a DhÉanamh
Terms of Reference of the Review Group
The members of the Review Group are University College Dublin economist Mr Colm McCarthy (Chairman), Department of Finance Second Secretary Mr Donal McNally and Trinity College Dublin economist Prof. Alan Matthews
.
The following Terms of Reference have been set out for the Group:
- To consider the potential for asset disposals in the public sector, including commercial state bodies, in view of the indebtedness of the State.
- To draw up a list of possible asset disposals.
- To assess how the use and disposition of such assets can best help restore growth and contribute to national investment priorities.
- To review where appropriate, relevant investment and financing plans, commercial practices and regulatory requirements affecting the use of such assets in the national interest.
Interim List of Assets to Be Reviewed
(i) Commercial State Bodies:
Dublin Airport Authority (incl. Cork and Shannon Airport)
New Ross Port Company
(ii) Intangible Assets
These include, inter alia, radio spectrum allocated for broadcasting and telecommunications; carbon emissions permits; and mineral, hydrocarbon and other licences issued by the state.
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