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State TWO functions of the Irish National Treasury Management Agency: Function 1: _____________________________________ Function 2: _____________________________________ - Leaving Cert Economics - Question 8 - 2006

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State TWO functions of the Irish National Treasury Management Agency: Function 1: _____________________________________ Function 2: _______________________________... show full transcript

Worked Solution & Example Answer:State TWO functions of the Irish National Treasury Management Agency: Function 1: _____________________________________ Function 2: _____________________________________ - Leaving Cert Economics - Question 8 - 2006

Step 1

Function 1: Borrowing on behalf of the Irish Government

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Answer

One major function of the Irish National Treasury Management Agency (NTMA) is borrowing on behalf of the Irish Government. This involves the issuance and management of government bonds to fund public spending and manage the national debt effectively.

Step 2

Function 2: Managing the National Pension Reserve Fund

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Answer

Another key function of the NTMA is managing the National Pension Reserve Fund. This fund is designed to provide for future pension liabilities and to assist in supporting the Irish economy during times of financial need.

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