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

Photo of Michael McGrathMichael 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.

Comments

No comments

Log in or join to post a public comment.