Oireachtas Joint and Select Committees

Wednesday, 26 March 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Draft Heads of Central Bank Bill 2014: Department of Finance

3:55 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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The figure will come down to €126 million.

The payments are calculated on a sliding scale, starting with €31 million on 1 July. Can Mr. Ó Brolcháin explain the reducing effect?