Peadar Tóibín (Meath West, Sinn Fein)
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Question 45: To ask the Minister for Finance, further to Parliamentary Question No. 18 of 2 November 2011 regarding National Asset Management Agency business plan agreements with debtors, if NAMA takes into consideration outstanding debts that developers owe to sub-contractors for public works programmes previously undertaken and seeks to include some form of payment schedule to these sub-contractors as part of the debtors' business plans; and if not, will it now so act; and if he will make a statement on the matter. [34437/11]

Michael Noonan (Limerick City, Fine Gael)
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As a consequence of the economic downturn there have been instances of individuals and companies having difficulty collecting money owed to them as suppliers, including instances where unsecured creditors have supplied goods or services to a developer or the company of a developer in the carrying out of a public works contract. I am advised by NAMA that it is not part of NAMA's brief, as set out in its list of functions under the NAMA Act, to direct taxpayer funds towards unsecured creditors in all circumstances. However, it may consider doing so on a case-by-case basis. NAMA advise that its decision in such cases is based on commercial criteria.

The primary function of NAMA is to manage acquired loans efficiently, effectively and expeditiously and in the best interests of the State. In doing so, it aims to attain the best achievable financial return subject to acceptable financial risk.