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:

In cash, we owe €240 billion in total. Relative to national income, that is approximately 100% of national income. Within that, however, we have approximately 15% of cash assets that we hold. If one subtracts them, one gets the figure of 85%.