Written answers

Tuesday, 24 February 2009

Department of Finance

Departmental Schemes

11:00 pm

Photo of Jack WallJack Wall (Kildare South, Labour)
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Question 156: To ask the Minister for Finance the value of the prize bond scheme to the Exchequer for each year for the past three years; the value of the scheme at present; the breakdown of the funds generated by the scheme used in each of the past three years; and if he will make a statement on the matter. [7224/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The amounts outstanding in the Prize Bond scheme at the end of each of the past three years are as follows:

Year
2006589
2007631
2008803

The amount currently outstanding (19 February 2009) is €829 million.

The breakdown of sales and repayments of Prize Bonds in each of the past three years are as follows:

YearSalesRepayments
(€m)(€m)
2006133104
2007145103
2008276104

Prize Bonds are Government securities which, instead of paying interest, entitle holders to participate in weekly draws for cash prizes. Net receipts are used for funding the National Debt.

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