Outline three areas of responsibility of the National Treasury Management Agency (NTMA) - Leaving Cert Economics - Question 4 - 2011
Question 4
Outline three areas of responsibility of the National Treasury Management Agency (NTMA).
(i)
(ii)
(iii)
(16 marks)
Worked Solution & Example Answer:Outline three areas of responsibility of the National Treasury Management Agency (NTMA) - Leaving Cert Economics - Question 4 - 2011
Step 1
Borrowing on behalf of the Irish Government
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Answer
One of the primary responsibilities of the NTMA is to borrow on behalf of the Irish Government. This includes the issuance and management of government bonds, ensuring that the government meets its funding requirements effectively.
Step 2
Managing the Irish National Debt
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The NTMA is also responsible for managing the Irish National Debt on behalf of the government. This involves overseeing the debt portfolio, ensuring sustainability, and implementing strategies to optimize debt management.
Step 3
Managing the National Pension Reserve Fund
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Answer
Furthermore, the NTMA manages the National Pension Reserve Fund, which is crucial for maintaining long-term financial stability and providing for future social welfare expenditures.
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