C&AG: Concern over PRSI payments to the National Training Fund

A new report from the Comptroller & Auditor General found weaknesses in the process used to collect and allocate PRSI receipts

The NTF is used to support lifelong learning, vocational education and training. File picture 

Concerns have been raised over the accuracy of the funding for the National Training Fund (NTF), which is paid for by employers and is currently valued at €1.8bn.

A new report from the Comptroller & Auditor General (C&AG) found weaknesses in the process used to collect and allocate Pay-Related Social Insurance (PRSI) receipts. The Revenue collected €18.1bn in PRSI payments last year, largely used for the Social Insurance Fund (SIF) to pay for social welfare payments.