The chairman of the Public Accounts Committee John McGuinness has said that inefficiencies in the spending of taxpayers' money were "huge".

He said there was an incompetence in the administration of the State.

Speaking on RTÉ's Morning Ireland, Mr McGuinness said the necessary reform was not being politically driven at the speed required for economic recovery.

He said that accountability is required in the public service similar to the private sector where if you are not competent enough, you will not get the job.

Mr McGuinness said that if mistakes are made to the extent found by the Comptroller and Auditor General that people should lose their job or simply be moved to one side.

He continued, that competent people with qualifications need to be put in place in the civil service, "to manage the vast amount of taxpayers' money and to drive the change and reform that will reduce the type of waste that we are looking at today."