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
3:35 pm
Kevin Humphreys (Dublin South East, Labour) | Oireachtas source
Yes, for the purpose of discussion. The €20 billion is held at various rates. How much does it cost in interest to hold the €20 billion for a year’s funding in advance? I accept that Mr. Corrigan cannot give an exact figure because the money is borrowed at numerous different rates at various times. Approximately how much does it cost us to hold the €20 billion in advance?
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