Cormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source

I welcome Mr. Hogan and guests. I have a number of items that I want to touch on. As the previous speaker said, there is much to touch on within the Department. There are six specific items I want to ask about, namely, the NTMA; the EU budget; Irish Water; the Covid-19 credit guarantee scheme; the Apple escrow fund; and legal costs - just to forewarn the Department officials.

I will turn to the NTMA first and the long-term issuances in 2020 totalling €26 billion. I am just wondering about the overall cost of the €26 billion borrowed by the NTMA in 2020. Can the Department officials give me an outline on that? What is the current average interest rate of the NTMA borrowing? What oversight does the Department actually have on the primary dealers that currently have authority to issue Irish Government bonds? I will leave those questions to be answered now and then we will turn to Irish Water next.