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
2:55 pm
Mr. John Corrigan:
We looked at the quantum - the amounts we have discussed. We looked at a minimum extension period in calculating the illustration of, say, ten years. This period has to be studied by a working group but one has to write down some numbers on the page. We would have assumed a difference of perhaps 1% to 1.5% for illustrative purposes, because this depends, as I explained to Deputy McGrath, on where we can borrow at that point in time. That then compounds up into billions of euro rather than millions.
No comments