Michael Colreavy (Sligo-North Leitrim, Sinn Fein)
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To ask the Minister for Finance the effects on the Exchequer and Central Fund of the sale of Irish Life. [10570/13]

Michael Noonan (Limerick City, Fine Gael)
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The sale of Irish Life is a welcome development and provides the Irish taxpayer with a full return on its investment. There are two distinct aspects to this deal which have to be considered - the sale price of Irish Life of €1.3bn and an additional dividend due prior to completion of €40m. As such, upon completion of the deal, the Exchequer will benefit by the full amount of €1.34bn. The Deputy should be aware that the Central Fund and the Exchequer Account are one and the same.