Dáil Éireann Debate, Thursday - 23 February 2017
139. Deputy Michael McGrath asked the Minister for Finance the total value of prizes paid and the percentage this represents of the total prize bonds outstanding in each of the years 2012 to 2016; and if he will make a statement on the matter. [9339/17]
Amharc ar fhreagraI am informed by the National Treasury Management Agency (NTMA) that the value of prizes in respect of prize bonds, and these prizes as a percentage of total prize bonds outstanding at year-end, for each of the last five years, are as set out in the following table.
The Prize Bond Company has provided this data to the NTMA. The table also shows the actual rates applicable each year, as this gives a truer reflection of actual rates payable.
|
Year |
Fund at Year-End €m |
Prizes Paid €m |
% of Year-End Fund |
Rate in Year |
|
2016 |
2,892.40 |
28.0 |
0.97% |
1.25% to end-June; 0.85% from July |
|
2015 |
2,481.00 |
28.9 |
1.16% |
1.25% Full Year |
|
2014 |
2,176.40 |
31.7 |
1.46% |
1.6% January to September; 1.25% October to December |
|
2013 |
1,928.70 |
35.2 |
1.83% |
2.25% January to May; 1.75% June to December |
|
2012 |
1,648.50 |
46.0 |
2.79% |
3% Full Year |
