AQW 12981/17-22

Mr Andrew Muir
Alliance Party
North Down

Tabled Date: 19/01/2021
Answered On Date: 25/01/2021
Priority Written: No

Question:
To ask the Minister of Finance to detail the interest rates currently being paid on reinvestment and reform initiative borrowing.

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.