Vol. 451 No. 3
17 Mr. N. Treacy asked the Minister for Transport, Energy and Communications the way in which he proposes to deal with the high level of indebtedness in the various semi-State bodies under his aegis; and if he will make a statement on the matter. [6318/95]
The level of debt in the commercial state-sponsored bodies, under the aegis of my Department, is kept constantly under review. I am satisfied that the level of indebtedness of the State-sponsored bodies is, in general, within the industrial norms of the sectors in which these bodies operate. I am also quite satisfied that the State bodies under my aegis can meet their existing debt servicing obligations and will be, similarly, in a position to meet any new debt obligations.
The commerical mandate set for these bodies in the policy document —A Government of Renewal, will help to ensure that they continue to focus on the maintenance of prudent debt limits. In particular, the policy document states, inter alia, that the:—
