State Bodies

Dáil Éireann Debate, Tuesday - 22 June 2021

Tuesday, 22 June 2021

Questions (246)

Noel Grealish

Question:

246. Deputy Noel Grealish asked the Minister for Public Expenditure and Reform the State agencies, organisations or boards under the responsibility of his Department or that receive funding from his Department that have been charged interest for savings on deposit in Irish banks since negative interest rates were introduced; the amount of interest that has been charged to each State agency, organisation or board; and if he will make a statement on the matter. [33318/21]

Written answers

Minister for Public Expenditure and Reform

I wish to advise the Deputy that the only body under the aegis of my Department that falls into this category is the Office of the National Lottery Regulator (ORNL). Since the commencement of the National Lottery licence, the ORNL has been charged interest of €1,320,118 for the National Lottery Fund, which is managed and controlled by the National Lottery Regulator. The National Lottery Fund is held at the Central Bank of Ireland (CBI) and the interest has been paid to the Central Bank of Ireland.