Oireachtas Joint and Select Committees
Thursday, 30 November 2023
Public Accounts Committee
Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council
9:30 am
Mr. John Hogan:
An important point to make is that we have protected ourselves to a certain extent. The NTMA may even have overborrowed at very low interest rates,or negative interest rates over the past number of years, which allows us to see a period unfolding in front of us where, albeit we are experiencing high interest rates now, the exposure for the unwinding of the debt at those lower rates will not occur for some time yet. That is why the figure we see is quite stable over the period out to 2027 or 2028.