Kieran O'Donnell (Limerick East, Fine Gael)
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Question 144: To ask the Minister for Finance the make up of the national debt in terms of total value, specific repayment periods and rate of interest payable; the expected national debt figures at the end of 2011, 2012, 2013, and 2014; the amount of interest payable on our national debt for 2010, 2011, 2012, 2013, and 2014; the average rate of interest paid on this national debt for each year and these interest figures as a percentage of GDP; and if he will make a statement on the matter. [34310/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The National Treasury Management Agency (NTMA) advise that the national debt was €75.2 billion at end-2009 and was €87.2 billion at end-August 2010. The weighted average cost of bonds raised in 2010 to date is 4.7% which is the same as the average cost achieved in 2009. The weighted average maturity of the debt is 7.6 years.

Based on the Budget 2010 estimates, Table 1 below outlines the national debt forecast, the maturity profile of the debt, and the debt servicing interest costs for the period to end-2014. These projections are currently being revised by my Department and the NTMA in the context of the publication of the Pre-Budget Outlook.

Table 1*

*Figures in table based on forecasts contained in Budget 2010

Question No. 145 answered with Question No. 74.