Fianna Fáil wants debate on Nama surplus

The Government must allow an “open and transparent” debate on how Ireland will spend Nama’s €3bn predicted surplus before it becomes available at the end of the decade.

Public Accounts Committee (PAC) chairman and Fianna Fáil TD Sean Fleming urged the action as he warned that the Government may make a “covert” attempt to spend the money on slashing the national debt instead of on a series of growing financial and social crises gripping the nation.

At a recent PAC meeting earlier this year, Nama chairman Frank Daly and other Nama officials confirmed the agency is due to benefit from the surplus by 2020 from its dealings in the property market.