Written answers
Thursday, 10 November 2011
Department of Finance
National Debt
5:00 pm
Terence 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]
Michael 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 Liabilities | 90.8 |
Short Term Liabilities | 6.2 |
Less Liquid Assets | -16.2 |
Net Short Term Liabilities | -10.0 |
Retail debt | 12.6 |
Total National Debt | 93.4 |
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.
€ billions | 2011 | 2012 | 2013 | 2014 | 2015 |
Forecast National Debt | 120 | 137 | 151 | 161 | 168 |
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