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.
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