Paul McGrath
Question:189 Mr. P. McGrath asked the Minister for Finance the areas in which the social insurance fund surplus is invested; and the interest and dividends gained for this fund from 1997 to date. [31011/03]
Written Answers. - Social Insurance Fund.
The assets of the social insurance fund are held in a series of bank deposits with the Central Bank and Financial Services Authority of Ireland and with commercial banks both in Ireland and elsewhere in the euro zone. All deposits are denominated in euro.
The interest received from the investment of the assets in the period from 1997 to date is as follows: €0.316 million in 1997; €1.714 million in 1998; €3.447 million in 1999; €26.59 million in 2000; €45.754 million in 2001; €51.015 million in 2002; and a sum of €40.09 million to end November 2003.