Oireachtas Joint and Select Committees
Thursday, 12 July 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017
9:00 am
Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source
The witnesses referred to the very low interest rates on the enormous national debt. The Chair pointed out that the refinance demand relates to €50 billion, approximately one quarter of the national debt. Obviously, we are considering maturities and a potential increase in the cost of servicing the national debt. Have projections been made regarding the end of a low interest rate cycle? Could that be done?
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