Call for extra funds to monitor NAMA

THE Government has been urged to provide extra funding for the state spending watchdog so that it can adequately monitor NAMA (National Asset Management Agency).

The powerful Dáil Public Accounts Committee (PAC) has written to Finance Minister Brian Lenihan requesting that the office of the Comptroller and Auditor General (C&AG) be “adequately resourced”.

The letter requests the Department of Finance to give priority to the approval in 2010 of “sufficient, suitably qualified audit staff and any necessary consultancy budget so as to enable the C&AG to undertake the extra work assigned to his office under the NAMA legislation”.