asked the Minister for Finance the total value of borrowings by each of the commercial State-sponsored bodies; the amount in each case which is guaranteed by the Exchequer, on the latest date available; and if he will make a statement on the Government's policy regarding future loan guarantees to these State bodies.
Written Answers. - State Bodies Borrowing Requirements.
84.
The following table sets out the total borrowings of each of the commercial State-sponsored bodies, showing the amount which is guaranteed by the Exchequer in each case, as at end December 1987, the latest date for which figures are available.
As regards future loan guarantees, it is Government policy to progressively reduce, to the lowest possible level, the issue of guarantees by the Minister for Finance to commercial State bodies. This policy is being implemented on a phased basis and it is the aim that most commercial State bodies will in time raise their funds without a ministerial guarantee. It is recognised that in the short term certain State bodies would have difficulty in meeting all their borrowing requirements without such a guarantee.
Commercial State-sponsored bodies Borrowings at end-December 1987
|
Total Borrowings including repayable Exchequer Advances |
Amount Under Guarantee |
|
|
£m |
£m |
|
|
Electricity Supply Board |
1,225.1 |
1,148.4 |
|
Bord Telecom Group |
1,193.2 |
994.5 |
|
Agricultural Credit Corp |
593.8 |
591.3 |
|
Industrial Credit Corp |
574.7 |
555.7 |
|
Housing Finance Agency |
439.2 |
439.2 |
|
Córas Iompair Éireann |
225.7 |
158.5 |
|
Bord na Móna |
170.6 |
127.7 |
|
NET |
164.3 |
162.9 |
|
Bord Gáis Éireann |
138.6 |
17.0 |
|
Air companies |
80.2 |
30.9 |
|
Siúicre Éireann |
52.3 |
14.0 |
|
B & I |
38.4 |
18.1 |
|
Irish Steel |
26.9 |
26.9 |
|
RTE |
19.4 |
— |
|
INPC |
15.7 |
— |
|
Ostlanna Iompair Éireann |
9.9 |
— |
|
An Post |
8.5 |
— |
|
National Building Agency |
6.3 |
0.6 |
|
Aer Rianta |
0.9 |
— |