Dáil Éireann Debate, Tuesday - 14 June 2022
1223. Deputy Noel Grealish asked the Minister for Further and Higher Education, Research, Innovation and Science the amount of interest that his Department has been charged by financial institutions since negative interest rates were introduced by year; and if he will make a statement on the matter. [29205/22]
Amharc ar fhreagra1224. Deputy Noel Grealish asked the Minister for Further and Higher Education, Research, Innovation and Science the State agencies, organisations or boards under the responsibility of his Department or that receive funding from his Department that have been charged negative interest by financial institutions since negative interest rates were introduced; the amount of interest that has been charged to each State agency, organisation or board in 2021 in each of the preceding years in which such charges were applied; and if he will make a statement on the matter. [29223/22]
Amharc ar fhreagraI propose to take Questions Nos. 1223 and 1224 together.
The Department of Further and Higher Education, Research, Innovation and Science - Vote 45 - has not incurred negative interest since its formation in 2020. The negative interest outlined in the table below relates to the National Training Fund which was transferred to my Department from the Department of Education in October 2020 as part of the transfer of functions.
|
Year |
NTF |
|
2014 |
€3,181.32 |
|
2015 |
€223,140.43 |
|
2016 |
€232,531.28 |
|
2017 |
€104,248.00 |
|
2018 |
€15,504.00 |
|
2019 |
€11,961.55 |
|
2020 |
€11,990.58 |
|
2021 |
€19,754.48 |
|
2022 |
€8,413.62 |
Please note the following:
- 2021 figures are currently being audited by the C&AG.
- 2022 figure reflects year to date position.
The information in respect of state bodies, within the scope of the Deputy’s question, is not held centrally by my Department.
