Tánaiste Joan Burton has described as an appalling idea the suggestion that developers dealing with NAMA would get bonuses.
She was responding to comments made at the Public Accounts Committee (PAC) during the week that there is a possibility of additional incentives for some developers dealing with NAMA.
Ms Burton said she understood that when NAMA was speaking at the committee it was something that was suggested as a remote possibility.
She added NAMA should remove the item from its agenda and added if there were bonuses to be paid they should be paid to people like our pensioners.
The Tánaiste said it was an issue of priorities and she said she would tell NAMA to get real.
In a statement NAMA said there was no question of it paying bonuses to debtors. They added the term ‘bonus’ was introduced by a Deputy, not by NAMA, during the course of the PAC meeting.
The statement added NAMA had agreed business plans with its debtors, in which incentivisation could feature if better-than-expected financial outcomes were achieved by debtors.
It added that at this stage, as it was stated at the PAC meeting, very few debtors were likely to achieve the targets set for them and receive incentives.
