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Dáil Éireann debate -
Thursday, 23 Apr 1959

Vol. 174 No. 7

Ceisteanna—Questions. Oral Answers. - Borrowing from Extern Sources.

9.

asked the Minister for Finance if it is intended that any part of the capital to be provided through (a) State borrowing and (b) other public borrowing for 1959-60 will be obtained from extern sources.

The policy of the Government in regard to external borrowing is set out at paragraph 138 of the White Paper on Economic Expansion. No such borrowing is immediately in prospect so far as the Exchequer is concerned. As far as can be foreseen State-sponsored bodies will use capital of about £430,000 obtained from external sources for the purposes of the capital programme, 1959-60.

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