Written answers
Tuesday, 7 June 2011
Department of Finance
State Assets
9:00 pm
Timmy Dooley (Clare, Fianna Fail)
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Question 62: To ask the Minister for Finance if he will provide a timeframe for the sale of State assets. [10942/11]
Michael Noonan (Limerick City, Fine Gael)
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The programme for Government provides for the sale of non-strategic assets up to a value of €2 billion. This will occur when market conditions are right and when adequate regulatory structures have been established to protect consumer interests. The recent report of the Review Group on State Assets and Liabilities cautions against hastiness in selling such assets. On foot of the report, my colleague the Minister for Public Expenditure and Reform has asked Government Department to give their considered views of the Group's recommendations. After considering these views, the Minister will bring proposals to Government on the matter.
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