Thursday, 14 November 2019

Questions (23)

Joan Burton


23. Deputy Joan Burton asked the Minister for Public Expenditure and Reform the number of State assets sold since 2016; the use made of the proceeds of the sales; and if he will make a statement on the matter. [46861/19]

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Written answers (Question to Public)

I assume the Deputy is referring to the State Asset Disposal Programme which was initiated in order to release value from State assets that could be used, as far as possible and subject to the fiscal rules, to support the economy and job creation, while also using some of the proceeds to reduce debt.  

There have been no disposals under the programme since 2016, however, the Deputy will be aware that there were a number of high profile disposals pre-2016, such as the disposal of the National Lottery Licence and of assets related to Aer Lingus, the ESB and Ervia (Bord Gais Energy). 

When all of the remaining proceeds from the sale of Bord Gais Energy have been received, the final total from all of these State asset disposals is expected to be about €2.1 billion.