Written answers
Tuesday, 14 June 2022
Department of Communications, Climate Action and Environment
Interest Rates
Noel Grealish (Galway West, Independent)
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208. To ask the Minister for Communications, Climate Action and Environment 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. [29200/22]
Eamon Ryan (Dublin Bay South, Green Party)
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The information requested in the Question 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 | DECC Bank Accounts € | Environmental Fund Bank Accounts € | ||
---|---|---|---|---|
2022 (Jan – Mar) | 0.00 | 203.04 | ||
2021 | 0.00 | 119.24 | ||
2020 | 457.10 | 1,488.50 | ||
2019 | 588.73 | 1,759.16 | ||
2018 | 1,146.23 | 3,230.45 | ||
2017 (May-Dec) | 608.20 | 2,207.37 | ||
Total | 2,800.26 | 9,007.76 | ||
TOTAL NEGATIVE INTEREST | 11,808.02 |
Noel Grealish (Galway West, Independent)
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209. To ask the Minister for Communications, Climate Action and Environment 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. [29219/22]
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