Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
12:00 pm
Paschal Donohoe (Dublin Central, Fine Gael)
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I refer to the different components of an improvement in our bank debt. Mr. Corrigan clarified that an arrangement on the promissory notes might not, of itself, improve the debt-to-GDP ratio which is one of the key thresholds of debt sustainability for our country. However, an arrangement on the ownership and value of our stake in the pillar banks could make a difference to the debt-to-GDP ratio. Am I correct in this assumption?