Written answers

Tuesday, 6 July 2021

Department of Communications, Climate Action and Environment

Departmental Data

Photo of Noel GrealishNoel Grealish (Galway West, Independent)
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113. To ask the Minister for Communications, Climate Action and Environment 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. [35932/21]

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party)
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The information requested by the Deputy is set out in the table below.

The charges relate to negative interest in respect of funds held in commercial bank accounts operated by my Department. These accounts are managed in accordance with the requirements set out in Public Financial Procedures and Circular 16/2014 (Public Bank Accounts) issued by the Department of Public Expenditure and Reform. The Departments bank accounts are also audited by the Comptroller and Auditor General as part of the annual Appropriation Account and Environment Fund Account audits.

Year Department € Environmental Fund €
2017 608.20 2,207.37
2018 1,146.23 3,230.45
2019 588.73 1,759.16
2020 457.10 1,488.50
2021 (To date) - -
Total 2,800.26 8,685.48
TOTAL NEGATIVE INTEREST 11,485.74

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