Written answers
Thursday, 19 December 2013
Department of Finance
State Assets
Lucinda Creighton (Dublin South East, Independent)
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124. To ask the Minister for Finance if he will detail in tabular form for each year since 2011 the euro value of the total financial assets of the State, non-financial assets of the State, a breakdown of all contingent liabilities of the State including, but not limited to, public sector pension liabilities, future liabilities under public private partnerships and possible liabilities resulting from the National Asset Management Agency; and if he will make a statement on the matter. [55152/13]
Michael Noonan (Limerick City, Fine Gael)
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The latest published estimates of the value of financial and non-financial assets, the pension liability and contingent liabilities of general government, produced by the CSO are given in table 6 of Government Finance Statistics - Annual on the CSO website. These data are presented in the following table.
Table of selected assets, liabilities, contingent liabilities and other commitments of government
| Description | 2011 €million | 2012 €million |
|---|---|---|
| Financial & Non-financial assets | 126,018 | 147,392 |
| Financial assets at market value | 63,009 | 73,696 |
| Non-financial assets at market value | 57,148 | 57,865 |
| Estimated pension liabilities of government* | 116,000 | 116,000 |
| Government guarantees to non-government units | 143,488 | 115,552 |
| of which National Asset Management Agency** | 29,106 | 25,440 |
| Contingent Liabilities of off-balance sheet PPPs | 5,049 | 5,049 |
*The current estimate of public service pension liabilities is based on an exercise carried out in 2009, it is currently being updated by the Department of Public Expenditure and Reform.
**Department of Finance estimate
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