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Dáil
‹ Ceisteanna — Questions. Oral Answers. - Central Bank Strike.

Exchequer cost of the Central Bank strike

Summary

Mac Giolla asked for an estimate of the strike’s cost to the Exchequer and specific interest losses. Dukes said the overall effects were too difficult to quantify.

asked the Minister for Finance the total estimated cost to the Exchequer of the Central Bank strike.

Comment on this

The preparation of such an estimate would involve costing or estimation of a number of direct and indirect effects. Present information does not permit the quantification of such effects. Any estimate of the overall effect would involve a considerable expenditure of official time.

Comment on this

Will the Minister give us details of some areas of loss as, for example, what was the loss on interest to the Central Bank as a result of the bank strike and will he tell us what was the equivalent estimate of profit to the Bank of Ireland on interest charges?

Comment on this

With regard to the last part of the Deputy's question, I will come to that in a later question today. It would be extremely difficult and it has not yet been possible to work out an estimate of overall cost to the Exchequer.

Comment on this