Oireachtas Joint and Select Committees

Wednesday, 27 February 2019

Committee on Budgetary Oversight

Macroeconomic Analysis and Fiscal Risks: Central Bank of Ireland

Dr. Mark Cassidy:

My apologies as I cannot give a complete answer because I do not have a full breakdown here. The assets side which is above the line - the financial assets side - seems to have been reasonably stable for five or six years. The large increase in the negative net financial wealth position clearly represents a massive increase in liabilities after the crisis hit when Government borrowing increased enormously. It seems to have stabilised since 2014. The text may be a single quarter figure which seems to have declined.

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