asked the Minister for Finance if, in respect of the departmental funds referred to in the Capital Budget, he will state (a) the name of each fund (b) the amount standing to the credit of each fund at 31st March in 1973, 1974 and 1975 and (c) the percentage of (b) used to finance the Capital Budget in 1973-74, the transitional financial period 1974 and the percentage it is proposed to use in 1975.
Written Answers. - Departmental Funds.
235.
It is assumed that the Deputy is referring to the item in the Capital Budget tables "Reduction in liquidity of Departmental Funds."
Following is the information required:—
(a) The funds involved are the Savings Bank Fund Deposit Account, the National Loans Sinking Fund Accounts and the Savings Certificates Reserve Fund.
(b)
|
Amounts standing to the credit of these Funds at 31 March (£ million) |
|||
|
1973 |
1974 |
1975 |
|
|
Savings Bank Fund Deposit Account |
6.9 |
4.1 |
2.3 |
|
National Loans Sinking Fund Accounts |
47.1 |
18.6 |
0.1 |
|
Savings Certificates Reserve Fund |
7.9 |
8.6 |
— |
|
62.0* |
31.3 |
2.5* |
* Do not tot accurately due to rounding.
(c) Percentage of amounts standing to the credit of these funds used to finance the Capital Budget.
|
1973-74 |
1974 (April-31 Dec.) |
|
|
Savings Bank Fund |
41% |
44% |
|
National Loans Sinking Funds |
61% |
99% |
|
Savings Certificates Reserve Fund |
—9% |
100% |
It is not possible at this stage to indicate the corresponding percentages to be used during 1975.