Written answers
Tuesday, 7 November 2006
Department of Finance
Government Expenditure
8:00 pm
Seán Crowe (Dublin South West, Sinn Fein)
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Question 227: To ask the Minister for Finance the way in which the Government intends to spend the money it realised from the proceeds of the sale of the majority of its shares in Aer Lingus. [36208/06]
Brian Cowen (Laois-Offaly, Fianna Fail)
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To date the Exchequer has received €240,902,257 from the sale of its shares in Aer Lingus. These funds have been lodged to the Exchequer and will be classified in the Finance Accounts as Capital Receipts. Accordingly the funds have not been allocated towards any specific expenditure, but will be used to fund expenditure generally.
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