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
Michael 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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