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
When we had a difficulty accessing the market, essentially during the three years when the troika were here, 2011 to 2013, we were sitting on in excess of €50 billion in cash reserves. The agency thought we needed to have that because we might not have been able to raise such funds down the road. The troika came for a three-year period. Mr. O'Kelly might tell me if I am right in my reading of that.
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