Oireachtas Joint and Select Committees

Thursday, 8 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Discussion with Minister for Finance

10:40 am

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

It is quite complicated. As the Deputy knows, the previous Government negotiated an interest rate holiday so it did not hit our budgets, effectively, until the change of Government. Within the sum of €3.1 billion there is a lot of capital repayment built in. The amount is not standard as one goes through the years so, again, in the interest of being exact, I would need to give the Deputy that information later, and I will do so in writing.

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