Bernard Durkan (Kildare North, Fine Gael)
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Question 99: To ask the Minister for Finance the nature and extent of the proposed disposal of State assets or State or semi-State companies; the extent to which previous experience in this regard is likely to be drawn upon to ensure that the national interest is best served in all circumstances and that previous negative experiences are not repeated; and if he will make a statement on the matter. [31284/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Arrangements are being made for the establishment of an expert group under the Chairmanship of Mr Colm McCarthy of the School of Economics at University College Dublin. This group will be charged with advising the Minister for Finance on the proper stewardship of state assets and on opportunities for better use of assets in the public sector. The following Terms of Reference have been set out: 1. To consider the potential for asset disposals in the public sector, including commercial state bodies, to reduce the substantial and growing indebtedness of the State; 2. To draw up a list of possible asset disposals; 3. To assess how the use and disposition of such assets can best help restore growth and contribute to national investment priorities; and 4. To review where appropriate, relevant investment and financing plans, commercial practices and regulatory requirements affecting the use of such assets in the national interest.

The Group has been asked to report back to the Minister for Finance by end-year. The Group will consult with relevant stakeholders and be mindful of past experiences in this area both in Ireland and in other jurisdictions. As the Group is only commencing its work no decisions have been taken on any of the issues mentioned in its remit.