Written answers

Thursday, 26 January 2012

Department of Public Expenditure and Reform

Sale of State Assets

5:00 pm

Photo of Willie O'DeaWillie O'Dea (Limerick City, Fianna Fail)
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Question 97: To ask the Minister for Public Expenditure and Reform the proportion of the amount raised from the sale of State assets that may be used for job creation; the formula for determining that proportion; and if he will make a statement on the matter. [4722/12]

Photo of Brendan HowlinBrendan Howlin (Wexford, Labour)
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As I have already informed this House, in our discussions during their recent mission, the Troika signalled that, in the context of the Government pursuing an ambitious programme of asset disposals, they would be prepared to agree to the retention by the Government of a sizeable amount of the proceeds generated from such disposals for reinvestment in job creation initiatives in the economy. However, the actual amounts or proportions involved remain to be agreed within the context of a final agreement on the overall scale and composition of the programme to be pursued. When this is finalised, the House will be fully briefed on these matters.

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