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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
For the benefit of the Deputy, when we had the Department of Finance in some time ago, we asked that specific question on the ultimate surplus. The representatives from the Department stated it had not made any decision or proposals on the matter. We asked then what were the EU rules in respect of this because the Government's general position is that any money recovered from financial assets goes towards the reduction of debt. That is the general position on the sale of bank shares, for example. Some people in the Department of Finance indicate that the surplus might be used to reduce the national debt.
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