Tuesday, 26 November 2019

Ceisteanna (160)

Colm Brophy

Ceist:

160. Deputy Colm Brophy asked the Minister for Finance the cost to the Exchequer of the special savings incentive accounts scheme; and if he will make a statement on the matter. [48621/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

The special saving incentive account (SSIA) scheme opened on 1 May 2001 and entry closed on 30 April 2002. The accounts fully matured after a five year period between 1 May 2006 and 30 April 2007.

The total cost of the scheme was €3.061bn. The following is a breakdown of the yearly cost of the scheme;

Year

Cost

2001

€71m

2002

€433m

2003

€532m

2004

€548m

2005

€597m

2006

€440m

2007

€440m

Total

€3,061m