Written answers

Thursday, 18 December 2014

Department of Finance

State Savings Value

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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140. To ask the Minister for Finance if he will provide in tabular form the total amount of funds held in deposit accounts at An Post currently and at the end of each year from 2010 to 2013; and if he will make a statement on the matter. [49313/14]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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141. To ask the Minister for Finance if he will provide in tabular form the total amount of funds held in An Post saving certificates and savings bond currently and at the end of each year from 2010 to 2013; and if he will make a statement on the matter. [49314/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 140 and 141 together.

State Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the range of Government savings products offered by the NTMA to personal savers. All State Savings money form part of the sovereign debt of Ireland, the repayment of which is a direct, unconditional obligation of the State. The NTMA has advised that the total value of State Savings outstanding at end year 2010, 2011, 2012 and 2013 and the breakdown by product is as follows:

State Savings outstanding at end year in € million 2010201120122013
Savings Bonds  4,239 4,784 5,568 5,342
Savings Certificates3,957 4,233 4,791 6,002
Instalment Savings468 473 474 478
National Solidarity Bonds342 607 1,001 1,752
Deposit Accounts  2,344 2,518 2,774 2,650
Prize Bonds1,330 1,449 1,649 1,932
TOTAL12,680 14,064 16,257 18,156

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