Oireachtas Joint and Select Committees

Thursday, 19 April 2018

Public Accounts Committee

Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council

9:00 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
Link to this: Individually | In context | Oireachtas source

It cost Ireland €6.7 billion in 2016 to service that debt. This is the cost of running the Department of Education and Skills, or maybe just a little bit more, from pre-school services right through to third-level funding. To quantify it, it is a very sizeable amount of money. Not all of that is the debt from the crash as there would have been a residual debt before that.