Batt O'Keeffe
Question:54 Mr. B. O'Keeffe asked the Minister for Finance if he will consider involving the National Treasury Management Agency in the co-ordination and management of departmental borrowing. [7624/95]
Vol. 451 No. 8
54 Mr. B. O'Keeffe asked the Minister for Finance if he will consider involving the National Treasury Management Agency in the co-ordination and management of departmental borrowing. [7624/95]
The National Treasury Management Agency was set up under the National Treasury Management Agency Act, 1990. The principal functions of the Agency are to perform, on behalf of the Minister for Finance, the functions of the Minister delegated to it by Order of the Government under section 5 of that Act. The functions that may be delegated to the Agency are those relating to borrowing and management of the National Debt. The National Debt is the biggest portfolio of debt in the State and it requires specific attention. The National Treasury Management Agency was set up for this purpose. The entire portfolio managed by the Agency consists of State debt.