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Dáil Éireann debate -
Thursday, 12 Feb 1981

Vol. 326 No. 9

Written Answers. - State Bodies' Borrowing.

140.

asked the Minister for Finance whether the additional foreign borrowing undertaken by State bodies in 1980 over the estimated figure for the year was due to internally generated funds being less than expected; and the reason internally generated funds were insufficient in each case.

I propose to answer the Deputy's question in respect of the State bodies for which I am directly responsible and which engaged in borrowing for investment purposes under the Public Capital Programme in 1980. Information in respect of other State bodies might be sought from the appropriate Ministers.

Additional foreign borrowing over the estimated figure by the bodies in question, namely, the Industrial Credit Company Ltd. and the Agriculture Credit Corporation Ltd., was not due to internally generated funds being less than expected.

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