Ruairi Quinn (Dublin South East, Labour)
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Question 64: To ask the Minister for Finance his forecasts of the national debt for each year for the next five years; his forecast of the interest payable on that debt; and if he will make a statement on the matter. [47864/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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It is estimated that the national debt will be some €76 billion at end-2009. The main factor in the projected increase in the national debt over the period 2010-2014 is the Exchequer Borrowing Requirement for each of these years. The Exchequer Borrowing Requirement for the years to 2014, as outlined in Table 10 on page C.20 of Budget 2010, is set out in Table 1 below. Based on these projections, the estimated debt servicing interest costs are also set out below. The National Treasury Management Agency have advised that, as is usual, these estimates were prepared on the basis of the prevailing market conditions for Irish Government bonds.

Table 1: Exchequer Borrowing Requirement & Debt Service Interest Estimates 2010-2014