Paschal Mooney (Fianna Fail) | Oireachtas source

We are being told by Ministers that the country is broke, so from where do they expect to borrow the money? The section states: "The Board may, for the purposes of this Act ... borrow money (including money in a currency other than the currency of the State) from such persons as it considers appropriate, whether by means of the issue of debentures (or other debt security) or otherwise." Where is it proposed to borrow this money? Will it add to the national debt? Is there a particular reason the money will be borrowed? Bills are sometimes self-financing or otherwise not a burden on the Exchequer. I am not trying to be flippant but am raising the question in the context of why it would be necessary to borrow the money and what will be done with it.