Dáil Éireann Debate, Wednesday - 16 November 2011
89 Deputy Thomas P. Broughan asked the Minister for Finance the total cost of the bank bailout and interest payments for 2011 and the expected cost in 2012; and if he will make a statement on the matter. [35062/11]
Amharc ar fhreagraSo far this year, the Exchequer has provided a net €6.5 billion in the context of the recapitalisation of the banking sector announced in July. A further €10 billion has been provided from the National Pensions Reserve Fund in that regard. The first €3.1 billion Exchequer payment in respect of the Promissory Notes committed to a number of financial institutions in 2010 was also made earlier this year. A further €3.1 billion payment is due in 2012.
Cash debt interest expenditure in 2011 was forecast in the recently published Medium-Term Fiscal Statement at €4.8 billion. The corresponding estimate for 2012 is €6.8 billion.
