Monday 5 December 2016

NTMA salaries just don't add up

Published 20/07/2010 | 05:00

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.

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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.

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