Pearse Doherty
Ceist:46. Deputy Pearse Doherty asked the Minister for Finance the number of equity investments he has made in State-owned companies since March 2011; and the number he plans to make in 2014. [11206/14]
Amharc ar fhreagraThursday, 6 March 2014
Ceisteanna (46)
Freagraí scríofa
Under the Ministers and Secretaries (Amendment) Act 2011, ownership of State companies moved to the Minister of Public Expenditure and Reform. Policy on investment in State-owned companies is therefore a matter for the Minister for Public Expenditure and Reform and the relevant Minister. I would point out that the Budget arithmetic includes provision for a €240 million equity investment in Irish Water in 2014, to be paid from the Central Fund. The investment will be made on foot of a request from the Minister for Environment, Community and Local Government. I might also mention that the State invested a net €16.5 billion into the banks in 2011. This comprised investment by the Exchequer in contingent capital notes of €3.0 billion and a net equity investment by the Exchequer of €3.5 billion which was in addition to an equity investment of €10.0 billion made by the NPRF.