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
12:10 pm
Mr. John Corrigan:
Yes. That includes provisions for certain sinking funds, which are circular in nature and which actually do not leave the system. Perhaps I might suggest that it would be more appropriate to compare the cash paid on servicing the debt this year and the amount that will be paid on servicing it next year. The figure for this year in that regard is €5.7 billion. Next year, the figure for cash paid is expected to be of the order of €7.25 billion.