Seanad debates

Thursday, 15 September 2011

Insurance (Amendment) Bill 2011: Second Stage

 

It is important to keep in mind that any advance by the Exchequer to the fund will be classified as a financial transaction and as such, is not seen as expenditure and, therefore, does not affect the general government deficit and our targets under the EU-IMF framework. An appropriate market rate of interest will be applied to this advance which means it will marginally improve the GGB.

Comments

No comments

Log in or join to post a public comment.