Oireachtas Joint and Select Committees

Thursday, 5 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund

11:30 am

Mr. John McCarthy:

I can probably give the Deputy the figures for 2019 and 2020, if she just bears with me for a second. I will speak in terms of the general government debt, which is the wider definition. We fund the Exchequer, but we must also fund other areas. In 2019, it was €4.5 billion and it will be €3.9 billion in 2020. Some of that is interest costs that we have to pay to the owners of the bonds and there is a couple of hundred million euro each year in NTMA costs.

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