Oireachtas Joint and Select Committees
Wednesday, 27 February 2019
Committee on Budgetary Oversight
Macroeconomic Analysis and Fiscal Risks: Central Bank of Ireland
Dr. Mark Cassidy:
My apologies as I cannot give a complete answer because I do not have a full breakdown here. The assets side which is above the line - the financial assets side - seems to have been reasonably stable for five or six years. The large increase in the negative net financial wealth position clearly represents a massive increase in liabilities after the crisis hit when Government borrowing increased enormously. It seems to have stabilised since 2014. The text may be a single quarter figure which seems to have declined.