Displaying items by tag: expenditure
Executives at Dublin Port Company have agreed to appear before an Oireachtas committee to answer questions about expenditure on company credit cards and hospitality at the State-owned company.
According to The Irish Times, on Friday the Oireachtas committee on transport, tourism and sport invited executives at the country’s busiest port to discuss a number of issues, including the recent revelations around expenditure.
It emerged just over a week ago that the port managers at the company spent more than €500,000 last year on flights, restaurants and entertainment on 22 credit cards. The expenditure included almost €95,000 on the credit card of the port company’s chief executive, Eamonn O’Reilly.
The board of the port company has asked accountants Mazars to carry out an external review of credit-card expenditure and hospitality to confirm that it is “both appropriate and properly authorised”.
The Irish Times reports that, following the reduction of his department's budget, Minister Leo Varakdar stated that substantial cuts have already occurred in the maritime safety sector.
Moreover, he announced an increase in the maritime budget from €70.5 million to €80.3 million, due to provisions for the new Irish Coast Guard helicopter contract.
Earlier this week, Minister for Agriculture, Food and the Marine, Simon Coveney, underlined the importance of the marine sector to Ireland's coastal communities.
As previously reported on Afloat.ie, Minister Coveney announced a round of expenditure estimates on Monday which include increased funding for investment in processing, aquaculture and fishery harbours.