Written answers
Wednesday, 5 October 2011
Department of Finance
Personal Debt
9:00 pm
Pádraig Mac Lochlainn (Donegal North East, Sinn Fein)
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Question 36: To ask the Minister for Finance if he will provide figures on household debt as a percentage of household income for the years 2010 and 2011 broken down by quarter. [27662/11]
Michael Noonan (Limerick City, Fine Gael)
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Figures on household debt are taken from the Central Bank's Quarterly Financial Accounts – Table 8.1b - total loans outstanding of households and non-profit institutions serving households. Figures for disposable household income are taken from the quarterly Institutional Sector Accounts produced by the CSO. This represents all income earned by the household in a particular quarter. This is not readily comparable with the level of debt. In order to make these figures more broadly comparable, the quarterly income figures have been annualised.
Debt(€m) | Income(€m) | Ratio | |
Q1 2010 | 193,978 | 86,668 | 2.24 |
Q2 2010 | 188,690 | 91,856 | 2.05 |
Q3 2010 | 187,722 | 89,220 | 2.10 |
Q4 2010 | 185,615 | 82,740 | 2.24 |
Q1 2011 | 184,912 | 85,488 | 2.16 |
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