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The National Treasury Management Agency
The National Treasury Management Agency was
established in December 1990 by legislation, the 
National Treasury Management Agency Act, 1990 (PDF 22kb) (the
"1990" Act). The 1990 Act empowers the NTMA "to
borrow moneys for the Exchequer and to manage the National Debt
on behalf of and subject to the control and general superintendence
of the Minister for Finance and to perform certain related functions
and to provide for connected matters".
The 1990 Act enabled the Government to delegate the borrowing and debt management functions of the Minister for Finance to the NTMA, such functions to be performed subject to such directions or guidelines as the Minister might give. Obligations or liabilities undertaken by the NTMA in the performance of its functions have the same force and effect as if undertaken by the Minister.
The Chief Executive is appointed by the Minister for Finance and is directly responsible to him; the Chief Executive is also the Accounting Officer for the purposes of the Dail (Lower House of Parliament) Committee on Public Accounts.
The NTMA has an Advisory Committee to assist and advise on such matters as are referred to it by the Agency.
