Dáil Éireann Debate, Tuesday - 11 October 2016
4. Deputy Jim Daly asked the Taoiseach if a use it or lose it by year end rule is or has been in operation within his Department when devolving funding to agencies under his remit on an annual basis; and if he will make a statement on the matter. [29207/16]
View answerThe National Economic and Social Development Office (NESDO) is the only body under the aegis of my Department and is funded by a grant allocation. Standard Government accounting procedures apply and NESDO submit regular draw-down requests throughout the year supported by financial statements. If any portion of the NESDO grant allocation is unspent at the year end, it is returned to the exchequer.
