Finance and its agencies spend €100m on consultants

The Department of Finance and agencies under its control have spent more than €100m on consultants over the last three years.

Figures released to Fianna Fáil finance spokesman Micheal McGrath showed €103m has been spent by the Department of Finance, the National Treasury Management Agency and the Central Bank since the Fine Gael/Labour coalition came to power three years ago. The Central Bank accounted for 75% of the spend on all consultancy contracts awarded.

Arthur Cox, investment bank Goldman Sachs, and consultancy firm McKinsey and Co were among the beneficiaries of the spend.