Written answers
Tuesday, 14 February 2012
Department of Finance
State Savings Products
9:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 186: To ask the Minister for Finance if he will confirm the overall amount of money currently managed by the National Treasury Management Agency through the various State savings products; if he will provide a breakdown of the overall amount by the type of product, savings bonds, savings certificates, national solidarity bond and so on; the way the money is managed; and if he will make a statement on the matter. [8483/12]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by the National Treasury Management Agency (NTMA) that at end-2011 the amount of State Savings was €14 billion which represented 12% of the national debt of €119 billion. The breakdown of State Savings by product at end-December 2011 was as follows:
€ billions | |
3 year Savings Bonds | 4.8 |
51⁄2 year Savings Certificates | 4.2 |
6 year Instalment Savings | 0.5 |
4-10 year National Solidarity Bond | 0.6 |
Deposit Accounts (including Savings Stamps) | 2.5 |
Prize Bonds | 1.4 |
Total | 14.0 |
State Savings constitute part of the overall national debt which is managed by the NTMA.
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