Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts (Resumed)
Chapter 23: Accounts of the National Treasury Management Agency (Resumed)
National Treasury Management Agency: Financial Statements 2017 (Resumed)

9:00 am

Photo of Kate O'ConnellKate O'Connell (Dublin Bay South, Fine Gael) | Oireachtas source

Following on from that, in the context of borrowing money to invest in sustainable projects on behalf of the State, we have historically low interest rates at present. Perhaps this question was asked in my absence earlier. I would expect an increase in interest rates. I assume there is contingency built in to deal with that so that these projects can continue if we get a rapid rise in interest rates. Has that been factored in?

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