Oireachtas Joint and Select Committees

Thursday, 5 May 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020

See the whole debate « Previous speaker Next speaker »

9:30 am

Mr. John McCarthy:

Absolutely, that is one of the reasons, as I said to Deputy Colm Burke, that the NTMA has €30 billion. When a bond carrying 3% comes due and has to be repaid at some stage, it will then be replaced by cash which has been borrowed at 0%. So, yes, that is going on all the time.

Comments

No comments

 

Log in or join to post a public comment.