Pearse Doherty (Donegal South West, Sinn Fein)
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46. To ask the Minister for Finance the number of equity investments he has made in State owned companies since March 2011; and the number he plans to make in 2014. [11206/14]

Michael Noonan (Limerick City, Fine Gael)
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Under the Ministers and Secretaries (Amendment) Act 2011, ownership of State companies moved to the Minister of Public Expenditure and Reform. Policy on investment in State-owned companies is therefore a matter for the Minister for Public Expenditure and Reform and the relevant Minister. I would point out that the Budget arithmetic includes provision for a €240 million equity investment in Irish Water in 2014, to be paid from the Central Fund. The investment will be made on foot of a request from the Minister for Environment, Community and Local Government. I might also mention that the State invested a net €16.5 billion into the banks in 2011. This comprised investment by the Exchequer in contingent capital notes of €3.0 billion and a net equity investment by the Exchequer of €3.5 billion which was in addition to an equity investment of €10.0 billion made by the NPRF.