AQW 12981/17-22 Written question to the Minister of Finance
To ask the Minister of Finance to detail the interest rates currently being paid on reinvestment and reform initiative borrowing.
Asked by Andrew Muir MLA on 19 January 2021
- Answered
- Written
- Tabled
- 19 January 2021
- Answer due by
- 3 February 2021
- Answered
- 25 January 20216 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
There is no single RRI borrowing rate.
RRI borrowing is accessed monthly based on the profile of expenditure for projects funded through borrowing. RRI borrowing interest rates are taken from the Public Works Loan Board on the day of the loan being issued. Therefore current repayments are based on a wide variety of interest rates.
Information on the PWLB interest rates is available on their website.