Dáil Éireann Debate, Thursday - 14 July 2011
49 Deputy Éamon Ó Cuív asked the Minister for Public Expenditure and Reform his plans regarding the sale of State assets; if he will provide a timeframe for same; and if the proceeds will be used to fund job measures. [20291/11]
View answerAs the Deputy is aware, the Programme for Government provides for the sale of non-strategic assets up to a value of €2 billion to fund investment in key networks of the economy. This will occur when market conditions are right and when adequate regulatory structures have been established to protect consumer interests. Following publication of the Report of the Review Group on State Assets and Liabilities in April, my Department sought the considered views of relevant Departments on the Review Group's recommendations. Having considered these views, I intend to bring proposals to Government shortly on the matter. Under the EU/IMF Programme, the Government has agreed to discuss its plans with the European Commission, the IMF and the ECB when it has finalised its response to the Review Group Report. This is to take place by the end of the year.
