Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
12:40 pm
Mr. John Moran:
A second major contributor will be growing stability in the European scenario and growing confidence in Ireland. We will find that the cash position that we need to hold to protect the State against market shocks can be scaled backwards. While we have showed the numbers on a gross basis, it is important to remember that the cash number for the State is in excess of €25 billion. It is close to €30 billion.
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