Oireachtas Joint and Select Committees

Thursday, 4 July 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

It will come back by way of a dividend.

I am handing over to Deputy O'Connell, although I have a few more questions to ask, but it is not fair of me to take up too much time.

On page 7 of the NTMA's financial statement it is indicated that we owe €205 billion, while the interest paid on the national debt last year was €5.8 billion. On average, a figure of 2.8% was paid on debts last year. Much of it is now coming in at 0%. Can the NTMA give the committee a breakdown of the €205 billion in terms of how much is at a negative interest rate, or below zero; between zero and 1%; between 1% and 2%; between 2% and 3% and all of the way up? What is the most expensive debt still in the NTMA's portfolio?

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