Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Dr. Eddie Casey:

To clarify, that was the amount we would be adding to our level of debt. It is not necessarily borrowing. The borrowings this year look to be of the order of €23 billion, according to the Government's official SPU projections, but they could rise to €30 billion if circumstances become more severe than that. Next year, they are expected to be of the order of €14 billion, in the central scenario.

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