Dáil Éireann Debate, Tuesday - 14 February 2012
186 Deputy Michael McGrath asked the Minister for Finance if he will confirm the overall amount of money currently managed by the National Treasury Management Agency through the various State savings products; if he will provide a breakdown of the overall amount by the type of product, savings bonds, savings certificates, national solidarity bond and so on; the way the money is managed; and if he will make a statement on the matter. [8483/12]
View answerI am advised by the National Treasury Management Agency (NTMA) that at end-2011 the amount of State Savings was €14 billion which represented 12% of the national debt of €119 billion. The breakdown of State Savings by product at end-December 2011 was as follows:
|
€ billions |
|
|
3 year Savings Bonds |
4.8 |
|
5½ year Savings Certificates |
4.2 |
|
6 year Instalment Savings |
0.5 |
|
4-10 year National Solidarity Bond |
0.6 |
|
Deposit Accounts (including Savings Stamps) |
2.5 |
|
Prize Bonds |
1.4 |
|
Total |
14.0 |
State Savings constitute part of the overall national debt which is managed by the NTMA.
