Mr. Derek Moran:

Absolutely. This is why so much effort is put into the production of things such as the annual debt report. We need to do that because debt to GDP, which is the legally required measure, is a misleading indicator of our position regarding our national indebtedness. One is better off looking at different ones, which include GNI*, and metrics such as borrowings per capitaor whatever, because our nominal debt of over €200 billion has not gone down. It has only gone down in terms of growth and, indeed, by reference to one piece of exceptional growth in 2015. Debt should be one of the things we keep the closest eye on in terms of making plans for the future, certainly minimising what we add to it on an annual basis or ideally reducing it over time.