Written answers

Wednesday, 24 October 2007

Department of Finance

Social Insurance Fund

8:00 pm

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Labour)
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Question 140: To ask the Tánaiste and Minister for Finance the rate of returns on the investment of the social insurance fund; and if he will make a statement on the matter. [25760/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The bulk of the accumulated surplus of the Social Insurance Fund is invested by the National Treasury Management Agency in euro denominated deposits and government bonds, subject to guidelines from the Minister for Finance. In 2006 the rate of return on the funds managed by the NTMA was 2.72% and the annualised return (to 19 October 2007) for the current year was 3.80%.

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