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
3:25 pm
Mr. John Corrigan:
I said we were targeting raising €10 billion this year which, other things being equal, would give us one year's worth of funding going into 2014. I noted that the figure of €10 billion could be a moveable feast, depending for example on what contingent credit lines were available. There could be scope for reducing it but that is the working plan. We need to have a figure and people ask us what it is. It could be less than that but I do not see us holding materially more than €20 billion or €19 billion in cash, which is what we had at the beginning of the year.
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