In light of below- question is - do we need more or less Morons looking after Ireland's books??
Minister to examine €3.6bn error
Minister for Retards (Finance) Michael Noonan: said he first learned of the issue yesterday and had decided it was something that should be made public.Minister for Finance Michael Noonan: said he first learned of the issue yesterday and had decided it was something that should be made public.
A €3.6 billion accounting error, which reduces the State's outstanding debt by some 2.3 per cent of gross domestic product, will have no impact on the Budget, Minister for Finance Michael Noonan confirmed today.
The Department of Finance and the National Treasury Management Agency yesterday clashed over responsibility for the mistake.
The error arose due to the inaccurate accounting of the NTMA’s borrowings to the Housing Finance Agency, which provides loan finance to local authorities and voluntary housing bodies.
More at - http://www.irishtimes.com/newspaper/...reaking11.html