Written answers
Tuesday, 24 February 2009
Department of Finance
Departmental Schemes
11:00 pm
Jack 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]
Brian 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 | € |
2006 | 589 |
2007 | 631 |
2008 | 803 |
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:
Year | Sales | Repayments |
(€m) | (€m) | |
2006 | 133 | 104 |
2007 | 145 | 103 |
2008 | 276 | 104 |
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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