Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
1:00 pm
John McGuinness (Carlow-Kilkenny, Fianna Fail)
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What are we repaying in interest year on year? The year 2013 provided a sum of €8 billion. From 2008, what were we paying up to the figure for 2013, which is the highest point on the graph? We can see the growth pattern to that point. How long will it stay at that level and what part of this is moveable? Will the number be €7 billion or €8 billion and will it be changed by the deal or interest rates on the other side?