I propose to take Questions Nos. 140 and 141 together.
State 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 outstanding at end year 2010, 2011, 2012 and 2013 and the breakdown by product is as follows:
State Savings outstanding at end year in € million
|
2010
|
2011
|
2012
|
2013
|
Savings Bonds
|
4,239
|
4,784
|
5,568
|
5,342
|
Savings Certificates
|
3,957
|
4,233
|
4,791
|
6,002
|
Instalment Savings
|
468
|
473
|
474
|
478
|
National Solidarity Bonds
|
342
|
607
|
1,001
|
1,752
|
Deposit Accounts
|
2,344
|
2,518
|
2,774
|
2,650
|
Prize Bonds
|
1,330
|
1,449
|
1,649
|
1,932
|
TOTAL
|
12,680
|
14,064
|
16,257
|
18,156
|