Pearse Doherty (Donegal South West, Sinn Fein)
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109. To ask the Minister for Finance the communications he has had with the European Central Bank regarding the possible sale by the Central Bank of Ireland to the market of Government bonds created following the liquidation of Irish Bank Resolution Corporation. [16265/14]

Pearse Doherty (Donegal South West, Sinn Fein)
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110. To ask the Minister for Finance the way a sale on the market of the floating rate treasury bond linked to the liquidation of Irish Bank Resolution Corporation could affect the State's financial planning. [16266/14]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 109 and 110 together.

The Central Bank of Ireland is independent in the exercise of its functions and the management of its investment holdings are a matter for the bank themselves, neither I nor the Department of Finance have any role in the matter.

The Central Bank of Ireland provide the Department of Finance with an estimate of expected surplus income to be paid to the Central Fund on a regular basis. This estimate will continue to form part of the Government's overall budgetary strategy.