Written answers

Tuesday, 7 June 2011

9:00 pm

Photo of Martin FerrisMartin Ferris (Kerry North-West Limerick, Sinn Fein)
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Question 103: To ask the Minister for Finance his views on the recommendation of the McCarthy report on State assets and liabilities that the proceeds of the sale of State assets should be used to reduce the State's very high level of indebtedness; and if he will make a statement on the matter. [10938/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Following publication of the Report of the Review Group on State Assets and Liabilities in April, the Minister for Public Expenditure and Reform, Mr. Howlin, asked Departments to give their considered views on the Group's recommendations. Departments are reverting now with their views. After considering these submissions, Minister Howlin intends to bring proposals to Government on the matter. Under the EU/IMF Programme, the Government has agreed to discuss its plans with the European Commission, the IMF and the ECB when it has finalised its response to the Review. This is to take place by the end of the year.

Photo of Martin FerrisMartin Ferris (Kerry North-West Limerick, Sinn Fein)
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Question 104: To ask the Minister for Finance if he concurs with the view of SIPTU president that the recommendations of the review group on State assets and liabilities regarding the sale of State assets constitutes a recipe for disaster. [10948/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I do not concur with that view. The Government is considering the State assets review group report as part of its overall consideration of State assets and in the context of the commitments made in the Programme for Government.

Photo of Martin FerrisMartin Ferris (Kerry North-West Limerick, Sinn Fein)
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Question 105: To ask the Minister for Finance if he will define the term "non-strategic" in the context of the proposed sale of €2 billion of State assets contained in the programme for Government. [10949/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I understand that following the recent publication of the report of the Review Group on State Assets and Liabilities, my colleague the Minister for Public Expenditure and Reform intends to bring proposals to Government on the matter. This will be done in the context of the commitments made in the Programme for Government to fund investment in key networks of the economy through the sale of non-strategic assets. In identifying which assets can be regarded as non-strategic, the Minister will be guided, inter alia, by the detailed sectoral analysis contained in the report of the State Assets Review Group.

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