Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

Our national debt-GDP ratio peaked at 120% and decreased to 76% by 31 December 2016. In the most recent budget, it was mentioned that in the context of our Stability and Growth Pact target of 60%, we will try to reach 45% by 2020 or thereabouts. Has that target changed given the backdrop of our infrastructural needs?

With regard to our total economic debt, an economist made the point that approximately 75% of our debt is associated with financing budgetary deficits for almost a decade. Does the Minister have any detail on that? What percentage of our debt is related to financing our banking sector, and what percentage is associated with financing our budget deficits?