Dáil Éireann Debate, Tuesday - 18 October 2011
90 Deputy Timmy Dooley asked the Minister for Finance if, in respect of the National Pensions Reserve Fund, he will provide the total fund value size of each six month stage since 31 December 2006 (details supplied); and if he will make a statement on the matter. [29745/11]
View answerThe National Pensions Reserve Fund (NPRF) was established on 2 April 2001 under the National Pensions Reserve Fund Act 2000 for the purpose of meeting as much as possible of the cost to the Exchequer of social welfare pensions and public service pensions to be paid from the year 2025 until the year 2055, or such other year as may be specified by order. Subsequent amendments to the National Pensions Reserve Fund Act provide that the Minister for Finance may direct the National Pensions Reserve Fund Commission to invest in certain credit institutions, to buy Government bonds and, until 2013, to provide money to the Exchequer for capital purposes.
The total value of the Fund for the dates requested by the Deputy are set out in the following table:
|
Date |
Published Value of NPRF (€bn) |
|
31 December 2006 |
18.900 |
|
30 June 2007 |
21.032 |
|
31 December 2007 |
21.153 |
|
30 June 2008 |
19.462 |
|
31 December 2008 |
16.142 |
|
30 June 2009 |
19.406 |
|
31 December 2009 |
22.335 |
|
30 June 2010 |
24.062 |
|
31 December 2010 |
22.686 |
|
30 June 2011 |
20.828 |
