Oireachtas Joint and Select Committees

Wednesday, 8 March 2017

Committee on Budgetary Oversight

Developments in the National Debt: National Treasury Management Agency

2:00 pm

Photo of Tommy BroughanTommy Broughan (Dublin Bay North, Independent) | Oireachtas source

When I was on the Committee of Public Accounts, I remember Dr. Somers used to come into us quite a bit. He always seemed to have quite a nice kitty somewhere. He was like the mother of the household and always seemed to have €20 billion or so on hand even going back to the early days of the crash. Does the NTMA have a standard amount in that regard? Mr. O'Connor said the NTMA hoped to have €10 billion of offset.

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