Michael McGrath
Question:124. Deputy Michael McGrath asked the Minister for Finance the amount of cash on hand held by the National Treasury Management Agency; and if he will make a statement on the matter. [36344/13]
View answerThursday, 18 July 2013
Questions (124)
Written answers
I am informed by the National Treasury Management Agency (NTMA) that the Exchequer had €26.2 billion on hand in cash and deposits at end-June 2013. It is important that the Exchequer should maintain a sufficiently strong cash position when the EU/IMF Programme comes to a conclusion at the end of the year, for reasons of prudence and to assure investors that they will be repaid upon redemption. The State is now well positioned to have 12 to 15 months of advance funding in place by that time.