Written answers

Tuesday, 14 June 2022

Department of Foreign Affairs and Trade

Interest Rates

Photo of Noel GrealishNoel Grealish (Galway West, Independent)
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599. To ask the Minister for Foreign Affairs and Trade the amount of interest that his Department has been charged by financial institutions since negative interest rates were introduced by year; and if he will make a statement on the matter. [29203/22]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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The Department of Foreign Affairs comprises of two Votes; Vote 27 International Cooperation and Vote 28 Foreign Affairs.

Below is a breakdown of the amount of interest the Department, across both Votes, has been charged for funds on deposit in Irish banks since negative interest rates were first applied.

Year Totals
2017 4,235
2018 13,685
2019 7,426
2020 14,408
2021 18,118
2022 (to end May) 15,355

Photo of Noel GrealishNoel Grealish (Galway West, Independent)
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600. To ask the Minister for Foreign Affairs and Trade the State agencies, organisations or boards under the responsibility of his Department or that receive funding from his Department that have been charged negative interest by financial institutions since negative interest rates were introduced; the amount of interest that has been charged to each State agency, organisation or board in 2021 in each of the preceding years in which such charges were applied; and if he will make a statement on the matter. [29221/22]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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The Department of Foreign Affairs has no State agencies, organisations or boards under its remit.

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