Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Economy and Funding Requirements: Discussion with NTMA

2:45 pm

Mr. John Corrigan:

Absolutely. Our working plan is to target €10 billion. Clearly, there are a number of factors that will affect this as time progresses. Let us consider the contingent credit arrangements again. If they were to be particularly strong, to use that term, then it might be the position that the need to go for a full €10 billion would be reduced. There are several moving targets, but to give a figure, the working plan is €10 billion. I do not anticipate that it would be more than that, but it could conceivably be somewhat less.

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