Dáil Éireann Debate, Tuesday - 27 November 2012
210. Deputy Thomas P. Broughan asked the Minister for Finance if he intends to factor in any possible deals or resolution of the promissory note payments into Budget 2013; and if he will make a statement on the matter. [52310/12]
View answerThe fiscal forecasts contained in the recent Medium-Term Fiscal Statement (MTFS), published on 14 November, assumed Exchequer cash payments of €3,060 million and €25 million respectively for the IBRC and EBS Promissory Notes in each of the years 2013 – 2015. These payments are accounted for as part of non-voted capital expenditure in Table 3.3 on page 26 of the MTFS. As the Deputy will be aware, the Government has been working very hard to secure a deal on Irish bank debt and a key item on the agenda in that regard is the issue of the Promissory Notes. Technical discussions are ongoing. Were there to be any change to the Promissory Notes in advance of Budget day, this would be factored into the Budget.
