Dáil Éireann Debate, Tuesday - 6 July 2021
113. Deputy Noel Grealish asked the Minister for the Environment, Climate and Communications the amount of interest his Department has been charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced by year; and if he will make a statement on the matter. [35932/21]
Amharc ar fhreagraThe information requested by the Deputy is set out in the table below.
The charges relate to negative interest in respect of funds held in commercial bank accounts operated by my Department. These accounts are managed in accordance with the requirements set out in Public Financial Procedures and Circular 16/2014 (Public Bank Accounts) issued by the Department of Public Expenditure and Reform. The Departments bank accounts are also audited by the Comptroller and Auditor General as part of the annual Appropriation Account and Environment Fund Account audits.
|
Year |
Department € |
Environmental Fund € |
|
2017 |
608.20 |
2,207.37 |
|
2018 |
1,146.23 |
3,230.45 |
|
2019 |
588.73 |
1,759.16 |
|
2020 |
457.10 |
1,488.50 |
|
2021 (To date) |
- |
- |
|
Total |
2,800.26 |
8,685.48 |
|
TOTAL NEGATIVE INTEREST |
11,485.74 |
