Oireachtas Joint and Select Committees
Tuesday, 1 July 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
National Treasury Management Agency (Amendment) Bill 2014: Committee Stage
9:25 pm
Fergus O'Dowd (Louth, Fine Gael)
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It is the average interest cost of serving the debt. It has to be at least that in order that it can proceed because it has to get the income back.