Dáil debates

Wednesday, 1 May 2013

Other Questions

Dormant Accounts Fund Management

2:05 pm

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

Can the Minister tell me how much money has been disbursed under the dormant accounts scheme and how much there is in the disbursement account, not including the reserve account? Does he agree that in the real world it is slightly farcical that all this money is considered to be a contingent liability on the State? When the Minister goes to spend that money for the benefit of citizens, he is told by the Department of Finance the sum is adding to the national debt. Will the Minister further confirm that in every year since the dormant accounts fund was set up the claim for reimbursement on the fund has been less than the amount of inflow from the financial institutions?

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