Written answers
Thursday, 18 January 2024
Department of Finance
Fiscal Policy
Carol Nolan (Laois-Offaly, Independent)
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167. To ask the Minister for Finance the reason Ireland intends to borrow between €6 billion and €10 billion on the international markets in early 2024, given the current large budget surpluses; and if he will make a statement on the matter. [2248/24]
Michael McGrath (Cork South Central, Fianna Fail)
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The NTMA have advised me they announced a bond funding range for 2024 of €6 billion to €10 billion on 30 November last.
This range reflects several factors including maturing debt in 2024, the importance of maintaining a presence in bond markets and providing liquidity to Ireland’s benchmark bond curve.
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