Oireachtas Joint and Select Committees

Tuesday, 30 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Stability Programme Update: Discussion with Minister for Finance

6:45 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Fine Gael) | Oireachtas source

Just one sentence. When one gets a package of loans made available from creditors, there are disbursement programmes. As one gets the money on the terms and conditions advanced, the terms and conditions normally keep obtaining after the loans are fully disbursed. That is the programme of disbursement. Then, there is the continuing operation of the State, which is different. We owe it to the people to explain what we mean by exiting a programme when disbursements are complete. The Minister says there is €7 billion to draw down.

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