Oireachtas Joint and Select Committees
Tuesday, 30 April 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Stability Programme Update: Discussion with Minister for Finance
6:45 pm
Peter Mathews (Dublin South, Fine Gael)
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Just one sentence. When one gets a package of loans made available from creditors, there are disbursement programmes. As one gets the money on the terms and conditions advanced, the terms and conditions normally keep obtaining after the loans are fully disbursed. That is the programme of disbursement. Then, there is the continuing operation of the State, which is different. We owe it to the people to explain what we mean by exiting a programme when disbursements are complete. The Minister says there is €7 billion to draw down.