State Assets

Dáil Éireann Debate, Thursday - 19 December 2013

Thursday, 19 December 2013

Questions (124)

Lucinda Creighton

Question:

124. Deputy Lucinda Creighton asked the Minister for Finance if he will detail in tabular form for each year since 2011 the euro value of the total financial assets of the State, non-financial assets of the State, a breakdown of all contingent liabilities of the State, including, but not limited to, public sector pension liabilities, future liabilities under public private partnerships and possible liabilities resulting from the National Asset Management Agency; and if he will make a statement on the matter. [55152/13]

Written answers

Minister for Finance

The latest published estimates of the value of financial and non-financial assets, the pension liability and contingent liabilities of general government, produced by the CSO are given in table 6 of Government Finance Statistics - Annual on the CSO website. These data are presented in the following table.

Table of selected assets, liabilities, contingent liabilities and other commitments of government

Description	2011 €million	2012 €million
Financial & Non-financial assets	126,018	147,392
Financial assets at market value	63,009	73,696
Non-financial assets at market value	57,148	57,865
Estimated pension liabilities of government*	116,000	116,000
Government guarantees to non-government units	143,488	115,552
of which National Asset Management Agency**	29,106	25,440
Contingent Liabilities of off-balance sheet PPPs	5,049	5,049

source: CSO, Department of Finance

*The current estimate of public service pension liabilities is based on an exercise carried out in 2009, it is currently being updated by the Department of Public Expenditure and Reform.

**Department of Finance estimate