Oireachtas Joint and Select Committees
Thursday, 30 November 2023
Public Accounts Committee
Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council
9:30 am
Mr. John McCarthy:
There was an increase of €21 billion in the debt between 2019 and 2022. However, we accumulated a lot of financial assets, as the Secretary General said, at 0% debt, so the increase in net debt was approximately half of that, or about €13 billion, right across the pandemic period. The key point is that it was lower than might have been anticipated given the size of the outlays during the pandemic. As a percentage of-----
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