Written answers
Tuesday, 13 June 2023
Department of Public Expenditure and Reform
State Bodies
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
414. To ask the Minister for Public Expenditure and Reform if he will provide a breakdown of dividends paid into the Exchequer central fund and dividends not paid into the Exchequer for each dividend-paying commercial state body for the years 2009 to date, in tabular form. [27718/23]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
My colleague, the Minister for Finance, has provided details of dividends from commercial state bodies paid into the Central Fund from the years 2009 to date in the table below:
It is Government policy that commercial State companies should pay a dividend to the State. NewERA, in conjunction with the relevant Government Departments, has developed a Shareholder Expectations Framework which is intended to provide clarity and guidance for each of the companies within its remit in relation to the Government's strategic priorities, policy objectives, and financial performance and reporting requirements. One of the key areas addressed as part of this shareholder expectations framework is dividend policy which seeks to strike an appropriate balance between the payment of dividends and re-investment in the business. The dividend policy in respect of each individual commercial State company is a matter in the first instance for their parent Government Department.
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
415. To ask the Minister for Public Expenditure and Reform to outline what parliamentary oversight processes there are for the collection and allocation of revenue from dividends from commercial State bodies, such as the ESB, which are taken for the benefit of the Exchequer but not paid into the Exchequer. [27756/23]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
It is Government policy that commercial State companies should pay a dividend to the State. NewERA, in conjunction with the relevant Government Departments, has developed a Shareholder Expectations Framework which is intended to provide clarity and guidance for each of the companies within its remit in relation to the Government's strategic priorities, policy objectives, and financial performance and reporting requirements. One of the key areas addressed as part of this shareholder expectations framework is dividend policy which seeks to strike an appropriate balance between the payment of dividends and re-investment in the business. The dividend policy in respect of each individual commercial State company, including the ESB, is a matter in the first instance for their parent Government Department.
No comments