Oireachtas Joint and Select Committees

Wednesday, 13 July 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Summer Economic Statement: Irish Fiscal Advisory Council

Mr. Sebastian Barnes:

The debt ratio relative to GNI*, which is a better measurement of the national income, is approximately 100% in gross terms, or approximately €240 billion, and 85% of the national income in net terms. We have approximately 15% of cash reserves.