Dáil Éireann Debate, Thursday - 11 December 2014
72. Deputy Michael McGrath asked the Minister for Finance the way a terminal payment from the IBRC liquidator to the State would be treated in the Government's accounts; and if he will make a statement on the matter. [47681/14]
View answerAs a result of The European System of National and Regional Accounts (ESA 2010), IBRC is classified in government. Any payment from the Special Liquidators of IBRC to the State would be considered an intra-government payment with no impact on the deficit. It would however improve the exchequer borrowing requirement as the cash received would increase the cash balances in the Central Fund and thereby reduce the required level of borrowing.
