Oireachtas Joint and Select Committees

Thursday, 18 April 2019

Committee on Budgetary Oversight

Stability Programme Update: Minister for Finance and for Public Expenditure and Reform

Photo of Jonathan O'BrienJonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source

With regard to the national debt, I know that the projection for Government debt over the next five years will not see any great movement to reduce debt. Table A5 on page 65 refers to the general government debt to GDP ratio. It has reduced significantly from 64.8% to 51.6%.

Can the Minister explain that given that the closing debt balances in five years will be similar to those in 2018?

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