Written answers
Tuesday, 6 July 2021
Department of Education and Skills
Departmental Data
Noel Grealish (Galway West, Independent)
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411. To ask the Minister for Education and Skills the amount of interest his Department has been charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced by year; and if he will make a statement on the matter. [35935/21]
Simon Harris (Wicklow, Fine Gael)
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The National Training Fund, under the remit of the Department of Further and Higher Education, Research, Innovation and Science, has paid €609,275 negative interest since negative interest rates were introduced. Please see attached table which breaks this down by year. To note that prior to the formation of the Department of Further and Higher Education, Research, Innovation and Science in 2020, the National Training Fund was under the remit of the Department of Education and Skills.
Negative Interest paid on NTF Funds
Year | Negative Interest € |
---|---|
2015 | 223,140 |
2016 | 232,531 |
2017 | 104,248 |
2018 | 15,504 |
2019 | 11,962 |
2020 | 11,991 |
2021 (to 30/06/21) | 9,900 |
Total | 609,275 |
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