Oireachtas Joint and Select Committees
Thursday, 13 February 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund
2:50 am
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
I thank Mr. Carty. On a positive note, the NTMA has a cash balance of €18 billion. I have two questions on that. What does Mr. Corrigan believe would be the norm for the NTMA to hold into the future? What is the additional cost in terms of holding such cash reserves above the norm? Mr. Corrigan might deal with those two points.
Mr. Corrigan referred to entering the market in the next year. Can he give the committee a flavour of the surcharge that has been paid to hold these levels of moneys and how he sees that evolving over the next two years?
No comments