Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council

9:00 am

Mr. Gary Tobin:

I would like to point out that the debt interest costs are coming down. I am aware that we are looking at the 2016 accounts today but if debt interest, for example, in 2018 is forecast to be €5.9 billion it reflects the fact that interest rates generally are very low. The NTMA is able to retire more expensive debt and then refinance at lower rates. To answer the Deputy's point, it is still a very high amount of money.

Comments

No comments

Log in or join to post a public comment.