Oireachtas Joint and Select Committees

Wednesday, 8 March 2017

Committee on Budgetary Oversight

Developments in the National Debt: National Treasury Management Agency

2:00 pm

Photo of Lisa ChambersLisa Chambers (Mayo, Fianna Fail) | Oireachtas source

I have a couple of questions for Mr. Kelly and Mr. O'Connor but I will not keep them long. The opening statement was taken as read, but it states that in 2030, the forecast cost of borrowing will be €10 billion. I note that has reduced by €4 billion or maybe €5 billion. That is a very welcome development and very positive for the country.

On the sustainability of the debt, while balancing the budget is a policy matter for the Government, carrying a debt in excess of €200 billion puts the State at a certain level of risk. What advice is being offered by NTMA on the sustainability of this debt?

On the measurement of the debt, does the NTMA use any other metrics to measure the level of indebtedness?

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