Oireachtas Joint and Select Committees

Thursday, 17 November 2022

Public Accounts Committee

2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund

9:30 am

Photo of Cormac DevlinCormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source

I was listening to a portion of the meeting online between various other commitments this morning. I wish Mr. Hogan and his colleagues a good afternoon. It is good to have them before us again.

I will start with the Comptroller and Auditor General's opening statements. He said the national debt is €237 billion. That is up on the end of 2020 by €17.7 billion. He also said that it was 20% lower than that of 2020 on foot of the NTMA's ability to avail of the low interest rates over recent years. How does Mr. Hogan see the various interest rates, the challenges from inflation and everything else happening over the next number of months and potentially years - although hopefully not - impacting on our national debt going forward?

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