Interest Rates

Dáil Éireann Debate, Tuesday - 14 June 2022

Tuesday, 14 June 2022

Questions (1966, 1971)

Noel Grealish

Question:

1966. Deputy Noel Grealish asked the Minister for Agriculture, Food and the Marine the State agencies, organisations or boards under the responsibility of his Department or that receive funding from his Department that have been charged negative interest by financial institutions since negative interest rates were introduced; the amount of interest that has been charged to each State agency, organisation or board in 2021 in each of the preceding years in which such charges were applied; and if he will make a statement on the matter. [29215/22]

Noel Grealish

Question:

1971. Deputy Noel Grealish asked the Minister for Agriculture, Food and the Marine the amount of interest that his Department has been charged by financial institutions since negative interest rates were introduced by year; and if he will make a statement on the matter. [29381/22]

Written answers

Minister for Agriculture, Food and the Marine

I propose to take Questions Nos. 1966 and 1971 together.

The amount of interest that the Department of Agriculture, Food and the Marine has been charged by financial institutions since negative interest rates were introduced is as follows:

2017 €585

2018 €8,661

2019 €24,505

2020 €3,558

2021 €758

2022 nil

As regards the 12 State Agencies under the aegis of the Department, the information requested is an operational matter for the State Bodies themselves, and they have been requested to forward the relevant information directly to the Deputy within 10 days.