Dáil Éireann Debate, Thursday - 17 July 2014
125. Deputy Michael McGrath asked the Minister for Finance the 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. [32475/14]
View answerState Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the range of Government savings products offered by the NTMA to personal savers. All State Savings money form part of the sovereign debt of Ireland, the repayment of which is a direct, unconditional obligation of the State.
The NTMA has advised that the total value of State Savings at end-June 2014 is €18.7 billion and the breakdown by product is as follows:
|
- |
€ million |
|
Savings Bonds |
5,198 |
|
Savings Certificates |
6,105 |
|
Instalment Savings (including Savings Stamps) |
478 |
|
National Solidarity Bonds |
2,165 |
|
Deposit Accounts |
2,667 |
|
Prize Bonds |
2,065 |
|
TOTAL |
18,678 |
