Dáil Éireann Debate, Wednesday - 12 January 2011
93 Deputy Joe Costello asked the Minister for Finance if he will give details of the once off measures announced in Budget 2011 totalling some €700 million; if he will give further details of the tangible and intangible assets he intends to dispose of, in whole or in part; and if he will make a statement on the matter. [1400/11]
Amharc ar fhreagraThe once-off measures announced in Budget 2011 total €660 million and are comprised of asset disposals, the sale of mobile telephony licences, debt servicing savings and increased dividends. The expected yield from each of these components is set out in Table 4 on page D.17 of the Budget book. Receipts from asset disposals will be considered during 2011 and could arise from a variety of sources. These include property disposals, proceeds from the sale of council houses and potential purchases by the NPRF. The Government will also consider the scope for disposals arising from the recommendations of the McCarthy Review Group on the assets and liabilities of the Commercial Semi-States. An estimate of €300 million from asset disposals has been factored into the budgetary arithmetic.
