Written answers
Thursday, 26 March 2009
Department of Finance
Exchequer Borrowing
4:00 pm
Pat Rabbitte (Dublin South West, Labour)
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Question 22: To ask the Minister for Finance the expected cost of funding the national debt in 2009; and if he will make a statement on the matter. [12327/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Exchequer Borrowing Requirement published in the Addendum to the Irish Stability Programme Update in January was forecast at €18 billion. Based on that amount, the cost of funding the national debt in 2009 was forecast at €4.5 billion.
The Government is currently considering the overall deficit position for 2009. In the context of the Supplementary Budget the planned borrowing requirement and the associated debt servicing costs for 2009 will be finalised and published on 7 April.
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