Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Public Accounts Committee

2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014

10:00 am

Photo of Joe CostelloJoe Costello (Dublin Central, Labour) | Oireachtas source

While I believe NAMA has done a good job, it is time for a redirection into a more dynamic area of operation.

Finally, if I read it correctly, the Department's borrowing rate is approximately 3.5%. What is the current mixture between short-term and long-term borrowing? The rate still seems very high, considering what is the international rate and that Ireland has a pretty solid rating with the agencies at present.

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