Written answers

Thursday, 10 November 2011

5:00 pm

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Fine Gael)
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Question 60: To ask the Minister for Finance if he will provide the breakdown of our national debt for the years 2010, 2011, 2012, 2013, 2014 and 2015; and if he will make a statement on the matter. [33892/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Ireland's National Debt stood at €116.2 billion at the end of October 2011, up from €93.4 billion at the end of 2010. The National Treasury Management Agency (NTMA) publishes a breakdown of the instruments comprising national debt and the breakdown as at end-December 2010 is set out below.

Instrument (€ billions)31 December 2010
Medium/Long Term Liabilities90.8
Short Term Liabilities6.2
Less Liquid Assets-16.2
Net Short Term Liabilities-10.0
Retail debt12.6
Total National Debt93.4

Based on the Exchequer deficits as per the recently published Medium-Term Fiscal Statement, the National Debt is projected to increase to stand at approximately €120 billion by the end of 2011 and to reach some €168 billion by the end of the current forecast period in 2015. A breakdown of these National Debt forecasts is not available.

€ billions20112012201320142015
Forecast National Debt120137151161168

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