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State Savings Value

Dáil Éireann Debate, Thursday - 18 December 2014

Thursday, 18 December 2014

Questions (140, 141)

Michael McGrath

Question:

140. Deputy Michael McGrath asked the Minister for Finance if he will provide, in tabular form, the total amount of funds held in deposit accounts at An Post currently and at the end of each year from 2010 to 2013; and if he will make a statement on the matter. [49313/14]

View answer

Michael McGrath

Question:

141. Deputy Michael McGrath asked the Minister for Finance if he will provide, in tabular form, the total amount of funds held in An Post saving certificates and savings bond currently and at the end of each year from 2010 to 2013; and if he will make a statement on the matter. [49314/14]

View answer

Written answers

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

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