Oireachtas Joint and Select Committees
Thursday, 26 September 2013
Public Accounts Committee
Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency
10:40 am
Mr. Brendan McDonagh:
That was based on a business plan the board published a long time ago. The board looks at its business plan every year. The contingent liability of the State started at €30 billion. That was the Government-guaranteed debt. We will have €15 billion paid off by 2016 and the full €30 billion will be paid off by 2020.
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