Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide an assessment of the savings that the State could make if it were to substitute the remaining programme funding yet to be provided by the International Monetary Fund with open market funding from the issuance of debt by the National Treasury Management Agency at current market rates. [46131/12]

Michael Noonan (Limerick City, Fine Gael)
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The National Treasury Management Agency (NTMA) and my Department keep all aspects of the international markets under review. I am advised by the NTMA that, at current market rates, there would be no savings to the State by the substitution of open market funding raised by them (the NTMA) versus debt raised through the International Monetary Fund, done on a like-for-like basis.