Written answers
Tuesday, 29 November 2011
Department of Public Expenditure and Reform
Disposal of State Assets
9:00 pm
Kevin Humphreys (Dublin South East, Labour)
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Question 194: To ask the Minister for Public Expenditure and Reform if he will provide Members of Dáil Éireann with the draft programme of asset disposals before it is sent to the staff of the European Commission, IMF and ECB for discussion by end of December as required under the terms of the bailout agreement and outlined in the November memo; and if he will make a statement on the matter. [37599/11]
Brendan Howlin (Wexford, Labour)
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Apart from the Government's decision to dispose of a minority stake in the ESB, which my colleague Minister Rabbitte announced to this House in September, no further decisions have been taken on the disposal of State Assets. Nevertheless, as the Deputy points out, the Memorandum of Understanding (MOU) on the EU/ECB/IMF Funding Programme commits the Government to considering options for an ambitious programme of asset disposals, based on the Programme for Government and the report of the Review Group on State Assets and Liabilities. In this context, a draft programme of asset disposals must be prepared and submitted to the EU/IMF by end 2011 for discussion with the Troika in 2012 in advance of final decisions being taken by the Government on how to proceed.
Once the Government's plans are finalised, the House will be fully briefed on the matter.
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