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Dáil Éireann debate -
Tuesday, 12 Oct 1993

Vol. 434 No. 4

Written Answers. - Privatisation Income.

Jim O'Keeffe

Question:

106 Mr. J. O'Keeffe asked the Minister for Finance if he will give the income received from privatisation for each of the years 1990 to 1992 and to date in 1993; and the estimated likely yield from privatisation over each of the next three years.

The income received from privatisation for each of the years 1990 to 1992 and to date in 1993 is as follows: 1990, nil; 1991, £343.4 million; 1992, £41.5 million; 1993 (to date), £174.5 million.

It should be noted that the 1991 figure includes £270.4 million in respect of the sale of shares in Irish Life but these proceeds were specifically omitted from the budgetary arithmetic.

As there are no plans at present for the disposal of shares in the State companies over the next three years, it is not possible to forecast receipts from this source.
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