AQW 19642/17-22 Written question to the Minister for the Economy

To ask the Minister for the Economy, pursuant to AQW 19025 17-22, (i) to detail the total costs that her Department has incurred to date in regards to the management loans to the Presbyterian Mutual Society; and (ii) whether a final report on the total costs to the Executive will be produced.

Asked by Stewart Dickson MLA on 28 May 2021

  • Answered
  • Written
Tabled
28 May 2021
Answer due by
15 June 2021
Answered
11 June 202114 days after tabling
Department
Department for the Economy
Priority question
No

Answer

All costs, with the exception of salaries incurred by my Department, are fully recoverable from the Presbyterian Mutual Society scheme of arrangement.

My Department does not separately account for the time and salary costs of staff managing the loans to PMS. These costs are not separately identifiable and could only be recovered at disproportionate cost.

It is anticipated that following the final outworking of PMS, a paper for the Executive will be prepared.

Official sources