Written answers
Tuesday, 30 May 2023
Department of Finance
Exchequer Payments
Rose Conway-Walsh (Mayo, Sinn Fein)
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207. To ask the Minister for Finance the total amount of Exchequer notes held within the general government sector, either through the NRF, NTF or SIF or other vehicle, in each year since 2016, in tabular form; and if he will make a statement on the matter. [25629/23]
Michael McGrath (Cork South Central, Fianna Fail)
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Exchequer Notes outstanding at each year-end from 2016 to 2022 are listed in the table below. These figures are taken from the financial statements of the National Debt, as compiled by the National Treasury Management Agency.
The table below also shows the amount of those Exchequer Notes held by bodies classified within the General Government sector. This information has been provided by the Central Statistics Office, and reflects the current composition of the General Government sector. The scope of the General Government sector is reviewed regularly and potential retrospective reclassifications of bodies into the sector could require the data as presented below to be updated.
Exchequer Notes €m | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
Total as per National Debt Financial Statements | 1,858 | 2,061 | 3,629 | 7,339 | 4,761 | 3,916 | 7,521* |
Of which, held by General Government bodies | 961 | 1,801 | 3,246 | 7,028 | 4,295 | 3,497 | 7,185 |
Rose Conway-Walsh (Mayo, Sinn Fein)
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208. To ask the Minister for Finance if the monies used to purchase Exchequer notes by the NRF, NTF or SIF or other vehicle then enters general government spending; and if he will make a statement on the matter. [25630/23]
Michael McGrath (Cork South Central, Fianna Fail)
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A purchase of Exchequer Notes by a general government body (such as NRF, NTF, SIF, etc.) would have no impact on general government spending as it is a financial transaction. When compiling the general government accounts, financial transactions are excluded in the calculation of general government receipts, expenditure and subsequently the surplus/deficit. The transaction would simply be an exchange of one asset (such as cash) for another in the financial account having no impact on the general government balance.
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