State bodies’ overseas borrowing
Overseas borrowing by State bodies was expected to make up about 45% of their estimated £137.8 million borrowing, excluding telephone capital; no general direction was issued, but individual proposals require the Finance Minister’s approval. The Ceann Comhairle announced that remaining questions would receive written replies unless Deputies requested otherwise.
andMr. P. Barry asked the Minister for Finance the percentage of the estimated borrowing of £137.8 million in 1978 by State bodies and for telephone capital, which will be borrowed outside Ireland; and if he has given any direction on the matter to the State companies involved.
Comment on this
Borrowing from outside Ireland by State bodies in 1978 is expected to account for approximately 45 per cent of the estimated total borrowing of £137.8 million shown in Table 4 of the public capital programme 1978. That figure does not include any provision for borrowing outside Ireland for telephone capital. No direction on the matter has been given to the State companies involved. However, specific borrowing proposals of State bodies require the approval of the Minister for Finance.