Written answers
Thursday, 21 July 2011
Department of Justice, Equality and Defence
Programme for Government
7:00 pm
Peadar Tóibín (Meath West, Sinn Fein)
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Question 273: To ask the Minister for Public Expenditure and Reform when he will be in a position to sell the non-strategic State assets; and if the target is still €2 billion. [21168/11]
Brendan Howlin (Wexford, Labour)
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The Deputy's question refers to the commitment in the Programme for Government to sell non-strategic assets up to a value of €2 billion to fund investment in key networks of the economy. This will occur when market conditions are right and when adequate regulatory structures have been established to protect consumer interests. Following publication of the Report of the Review Group on State Assets and Liabilities in April, my Department sought the considered views of relevant Departments on the Review Group's recommendations. Having considered these views, I intend to bring proposals to Government shortly 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 Group Report. This is to take place by the end of the year.
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