Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

I do not have the exact figures here, but going back to around 2008 the level of State debt was I think about €40 billion. By 2013 it had gone to €200 billion, so that is an increase of €150 billion. One could say €40 billion of that was related to the banking rescue, but the balance of it was related to other impacts.

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