Seanad debates

Thursday, 25 March 2010

Finance Bill 2010 (Certified Money Bill): Committee Stage.

 

1:00 am

Photo of Liam TwomeyLiam Twomey (Fine Gael)

I have a few questions about section 162. This is the first time I have heard of the capital service redemption account. Just looking at some of the figures for these annuities, is this the amount we are paying back on the national debt? Has that figure been increased from €350 million to €400 million per year? If that figure had to be changed it means we are paying back an additional €1.5 billion. Could the Minister please explain the relevance of some of those other sums, if she does not mind, because the explanatory memorandum does not give a clear account of them?

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