Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

55. To ask the Minister for Finance the use to which the proceeds of the sale of the State’s holding of Bank of Ireland convertible capital was put; and if he will make a statement on the matter. [51274/13]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I can confirm for the Deputy that proceeds from the sale of the Bank of Ireland convertible capital were deposited in the Exchequer. Funds in the Exchequer come from a number of different sources such as tax revenue, non-tax revenue including the sale of State Assets, and borrowings by the State from the market and under the EU/IMF Programme. As these funds are used in the day-to-day running of the State, it is not possible to quantify which specific funds are used for which purpose.