Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of IBRC: Discussion
10:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
That is entirely accepted. There are a whole load of moving parts here - I fully appreciate that - but we do have to probe what Mr. Dukes's best estimate is, based on certain assumptions at this point in time. His hope is that the final bill for the Anglo Irish Bank element of the IBRC will come in at around €25 billion. The INBS will still cost, as originally expected, in the region of €5.4 billion. That will be a total of €30.4 billion, if the figures are correct. The total amount that will go in by way of capital is €34.7 billion, so some money will be due back to the State in the event that what Mr. Dukes anticipates actually materialises - of the order of €4 billion to €5 billion.
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