Written answers

Tuesday, 14 June 2022

Department of Education and Skills

Interest Rates

Photo of Noel GrealishNoel Grealish (Galway West, Independent)
Link to this: Individually | In context | Oireachtas source

1223. To ask the Minister for Education and Skills 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. [29205/22]

Photo of Noel GrealishNoel Grealish (Galway West, Independent)
Link to this: Individually | In context | Oireachtas source

1224. To ask the Minister for Education and Skills 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. [29223/22]

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 1223 and 1224 together.

The Department of Further and Higher Education, Research, Innovation and Science - Vote 45 - has not incurred negative interest since its formation in 2020. The negative interest outlined in the table below relates to the National Training Fund which was transferred to my Department from the Department of Education in October 2020 as part of the transfer of functions.

Year
NTF
2014
€3,181.32
2015
€223,140.43
2016
€232,531.28
2017
€104,248.00
2018
€15,504.00
2019
€11,961.55
2020
€11,990.58
2021
€19,754.48
2022
€8,413.62

Please note the following:

- 2021 figures are currently being audited by the C&AG.

- 2022 figure reflects year to date position.

The information in respect of state bodies, within the scope of the Deputy’s question, is not held centrally by my Department.

Comments

No comments

Log in or join to post a public comment.