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
Moving on to page 13, the debt, cash balances and gross debt are shown. I note the cash balances the agency is holding seem to have declined in recent years. In 2012, there was €50 billion in cash balances. All the figures are not given on that page, but I note from the chart the cash balances now held are only half of that amount. It would probably cost the agency to hold cash reserves but it would give a little more flexibility. Why have the agency's cash reserves declined in recent years?
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