Seanad debates
Wednesday, 28 June 2017
National Housing Co-operative Bill 2017: Second Stage
10:30 am
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
The national debt is €200 billion. In 2007, it was €40 billion. The banks will cost the State €30 billion. The extra €140 billion is a result of the deficits we ran between 2007 and 2017. We ran, on average, a €14 billion deficit per year for ten years. They are the figures. The €7 billion figure refers to servicing the entire debt. They are the exact figures.
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