Ivor Callely
Ceist:60 Mr. Callely asked the Minister for Finance the noticeable trends in capital outflow and inflow to Ireland in the first five months of 1999; and if he will make a statement on the matter. [16177/99]
Written Answers. - Balance of Payments Statistics.
The information requested relates to balance of payments statistics which I understand from the Central Statistics Office, are not yet available for 1999: data in respect of the first quarter of 1999 will be included in the Central Statistics Office quarterly release, Balance of International Payments, which I understand is due to be published on 30 June 1999. The latest available data refer to the fourth quarter of 1998, during which there were net capital inflows over the period of £1.786 billion.
As regards purely financial flows, figures from the Central Bank show that in the period between end-January and end-April, the latest date for which such data are available, resident deposits increased by 8.1 per cent and holdings by other monetary union residents and rest-of-world residents increased by 9.4 per cent and 5.3 per cent respectively.
Movements in the level of non-resident holdings of Government bonds show that non-resident holdings have been reasonably steady since the beginning of this year at 22.7 per cent, 24.4 per cent, 22.9 per cent, 23.5 per cent and 22.0 per cent of outstanding bonds respectively for each of the months January to May.