Dáil Éireann Debate, Wednesday - 18 December 2013
143. Deputy Terence Flanagan asked the Minister for Communications, Energy and Natural Resources if he will provide a breakdown of the way the sales proceeds from the sale of Bord Gáis will be spent; and if he will make a statement on the matter. [54622/13]
Amharc ar fhreagraFollowing intensive negotiations with the EU IMF Troika, agreement was reached that 50% of the proceeds from the proposed sale of State assets could be invested in job creation measures and the remaining 50% would be used as a backstop for securing funds for job creation before being used to retire debt. This will be the case with the proceeds from the sale of Bord Gáis Energy. The Infrastructure Stimulus Plan announced by the Minister for Public Expenditure and Reform last year and on which considerable progress is being made, includes an Exchequer element to be funded by part of the proceeds of the assets disposal programme.
