Dáil Éireann Debate, Thursday - 28 November 2013
55. Deputy Michael McGrath asked the Minister for Finance the use to which the proceeds of the sale of the State’s holding of Bank of Ireland convertible capital was put; and if he will make a statement on the matter. [51274/13]
View answerI can confirm for the Deputy that proceeds from the sale of the Bank of Ireland convertible capital were deposited in the Exchequer. Funds in the Exchequer come from a number of different sources such as tax revenue, non-tax revenue including the sale of State Assets, and borrowings by the State from the market and under the EU/IMF Programme. As these funds are used in the day-to-day running of the State, it is not possible to quantify which specific funds are used for which purpose.
