Written answers
Wednesday, 2 July 2008
Department of Finance
Social Insurance Fund
9:00 pm
Brian Hayes (Dublin South West, Fine Gael)
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Question 155: To ask the Minister for Finance the yield from investment arising from the surpluses involved in each year over the past ten years since 1997 to date in 2008 in respect of the surplus that has arisen from the Social Insurance Fund in recent years, which is invested and managed by the National Treasury Management Agency, subject to guidelines issued by him; the year when the surplus first arose since the fund was established in 1953; and if he will make a statement on the matter. [26337/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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An annual surplus first arose on the Social Insurance Fund in 1997. Since then, the annual yield that accrued from the investment of the accumulated surplus of the Social Insurance Fund has been as follows:-
Year | Yield |
(€m) | |
1997 | 0.3 |
1998 | 1.7 |
1999 | 3.4 |
2000 | 26.6 |
2001 | 45.8 |
2002 | 51.0 |
2003 | 40.7 |
2004 | 34.6 |
2005 | 49.0 |
2006 | 53.1 |
2007 | 112.1 (provisional) |
The Revised Estimates Volume includes a projection of €155m for the yield on investment for 2008.
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