Oireachtas Joint and Select Committees
Wednesday, 26 March 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Draft Heads of Central Bank Bill 2014: Department of Finance
3:45 pm
Mr. Feargal Ó Brolcháin:
I will get the correct form of words. It is the equivalent of the income that accrues to the Central Bank. An estimate was made of this and finalised in approximately May 2013. The distribution will be made on that estimate. This was part of a package of measures agreed for Greece in November 2012. As we were in a programme we were not required to provide for it but as we are now out of a programme and we agreed to do this, we need to make provision for those disbursements.
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