Dáil Éireann debate -
Wednesday, 22 Jan 1997

Vol. 473 No. 4

Written Answers. - Semi-State Bodies' Debts.

Ivor Callely

Question:

76 Mr. Callely asked the Taoiseach the total amount of debts owed by semi-State bodies under the aegis of his Department at the end of November 1996; the comparative figures in this regard for each of the years 1990 and 1993; and if he will make a statement on the matter. [25213/96]

The Taoiseach

There were no debts owed by bodies under the aegis of my Department at the end of November 1996.

In November 1992 ADM Limited on its establishment, acquired a temporary overdraft facility of £1,382,800 while awaiting drawdown of EU funding under the global grant for local development. This facility was cancelled in February 1993 when EU funding was received. A temporary overdraft facility was again availed of at end of 1996 to facilitate funding under the local urban and rural development operational programme. This overdraft will be cancelled when EU funds are received within the next month.