Written answers
Thursday, 21 January 2010
Department of Finance
Departmental Agencies
5:00 pm
John McGuinness (Carlow-Kilkenny, Fianna Fail)
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Question 89: To ask the Minister for Finance the number of bodies and agencies operated under the remit of his Department; the cost of each on a yearly basis; the name and number that have been abolished in the past four years; the name and number that have been amalgamated; the name of those to be abolished or amalgamated in 2010; and if he will make a statement on the matter. [2744/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The information requested by the Deputy is outlined in the tables. Table A lists the State Bodies under the aegis of my Department in receipt of Exchequer funding and their Budget allocation for 2009. Table B lists other state bodies under the aegis of my Department not in receipt of Exchequer funding and as such information on budgets is not included. In the period in question no bodies or agencies under the aegis of my Department have been amalgamated and none is scheduled to be amalgamated in 2010. The Committee on Performance Awards has been stood down with effect from the 1 January 2009, while the National Assets Management Agency was set up on the 19th December 2009 under the umbrella of the National Treasury Management Agency.
Table A Bodies in receipt of Exchequer Funding
| Body | Budget for 2009 |
| Decentralisation Implementation Group | €28,150 |
| Disabled Drivers Medical Board of Appeal (DDMA) | €371,500 |
| Special EU Programmes Body (SEUPB) | €3,762,000* |
| Valuation Tribunal | €300,000 |
| Review Body on Higher Remuneration in the Public Sector | €55,000 |
| Committee for Performance Awards | €48,000 |
| Civil Service Arbitration BoardCivil Service Disciplinary Code Appeal BoardIndependent Mediator for the Civil Service | €70,000 |
| Outside Appointments Board | €20,000 |
| National Treasury Management AgencyNational Treasury Management Agency Advisory CommitteeNational Pensions Reserve FundNational Pensions Reserve Fund CommissionState Claims AgencyState Claims Agency Policy CommissionNational Development Finance AgencyBoard of the National Development Finance AgencyNational Asset Management AgencyThe NTMA acts as the State Claims Agency, and is the body through which the National Development Finance Agency (NDFA) and National Asset Management Agency perform their functions. The National Treasury Management Agency manages the National Pensions Reserve Fund and in this respect costs of approximately €23 million were incurred and charged directly to the Fund in 2009. | €41,000,000 |
*The total budget for the running costs of Special EU Programmes Body in 2009 is €3.762m of which the Department of Finance is responsible for funding €1.709m. This figure represents a higher than average funding figure as the costs associated with the relocation of the Special EU Programmes Body's Belfast Office have been included.
Table B Bodies not in receipt of Exchequer Funding
| Name of Body |
| Interim Board of the Civil Service Childcare Initiative |
| Disciplinary Appeals Board |
| Central Bank and Financial Services Authority of Ireland |
| Irish Financial Services Regulatory Authority(Financial Regulator) |
| Irish Financial Services Appeals Tribunal |
| Financial Services Ombudsman Council |
| Financial Services Ombudsman |
| Financial Services Consultative Consumer Panel |
| Financial Services Consultative Industry Panel |
| Investor Compensation Company Ltd. |
| An Post National Lottery Company |
As the Deputy may be aware, €4bn in capital was provided to Anglo Irish Bank from Exchequer funds in 2009 to protect the economy from the wider losses that would have occurred in the event of a failure of the bank. Costs incurred in the provision of capital to Anglo are recoupable under the terms of the Subscription Agreement concluded with the Bank. Also, costs incurred by the State in relation to Anglo under the Credit Institutions (Financial Support) 2008 and Anglo Irish bank Act 2009 are recoupable under the terms of each Act.
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