Monday 16 October 2017

NTMA salaries just don't add up

Can anyone explain to me why we are paying an average of €430,000 a year to a group of people who borrow money at 3.53pc per annum and invest it at 2.6pc per annum.

That is the average pay for the NTMA chief and its top five directors.

The 3.53pc is the rate of interest paid by the Government on borrowings from the public through the Post Office Saving Certificates.

Please sign in or register with for free access to Opinions.

Sign In Comments Facility

INM has taken the decision to remove the commenting facility on its online platform to minimise the legal risk to our business that arises from Ireland's draconian libel awards system.

We continue to look forward to receiving comments through direct email contact or via social media, some of which may still be featured on the website

Don't Miss