Interest Rates

Dáil Éireann Debate, Tuesday - 14 June 2022

Tuesday, 14 June 2022

Questions (440)

Noel Grealish

Question:

440. Deputy Noel Grealish asked the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media the State agencies, organisations or boards under the responsibility of her Department or that receive funding from her 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 she will make a statement on the matter. [29214/22]

Written answers

Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media

As Minister, I have responsibility for the governance of agencies and bodies under the aegis of my Department to ensure full compliance on the reporting requirements under the 2016 Code of Practice for the Governance of State bodies and the governance functions included in the legislative and regulatory frameworks for each of the respective bodies.

The issue to which Deputy Grealish refers to is an operational matter for the bodies under the aegis of the Department. Financial details for the agencies and bodies for the year 2021 will be set out in their Annual Report and Accounts when published.