Written answers

Wednesday, 12 December 2012

Department of Finance

General Government Debt

Photo of Catherine MurphyCatherine Murphy (Kildare North, Independent)
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To ask the Minister for Finance if he will provide figures of the total interest payment made by the State on General Government Debt for each year 1990 to date in 2012 by amount and as a percentage of total Government expenditure in each year. [55705/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The information requested by the Deputy for the years 1995 to 2012 is provided in the following table.

Interest Payments
€m
Interest % of Govt. Expenditure
1995
2,718
12.76%
1996
2,625
11.40%
1997
2,935
11.09%
1998
2,608
9.50%
1999
2,090
6.72%
2000
2,144
6.50%
2001
1,825
4.68%
2002
1,854
4.23%
2003
1,805
3.86%
2004
1,739
3.45%
2005
1,750
3.17%
2006
1,865
3.05%
2007
1,975
2.84%
2008
2,402
3.12%
2009
3,294
4.20%
2010
4,975
4.81%
2011
5,326
6.96%
2012 (f)
6,292
9.11%

Source: Eurostat, DOF

Interest and expenditure payments 1995-2011 were sourced from Eurostat. 2012 figures were obtained from Budget 2013 receipts and expenditures of general government tables.

Interest from 1990-1994 is given in the following table sourced from CSO historical National Accounts. Total Expenditure by General Government consistent with the definition of Expenditure used in the table above is not available for these years.

Interest Payments
1990
2,144
1991
1,825
1992
1,854
1993
1,805
1994
1,739

Source: CSO

The following revised reply was received on 24 January 2013:

The information requested by the Deputy for the years 1995 to 2012 is provided in the following table.

Year
Interest
Payments
Interest as %
of Govt.
Expenditure
1995
2,718
12.76%
1996
2,625
11.40%
1997
2,935
11.09%
1998
2,608
9.50%
1999
2,090
6.72%
2000
2,144
6.50%
2001
1,825
4.68%
2002
1,854
4.23%
2003
1,805
3.86%
2004
1,739
3.45%
2005
1,750
3.17%
2006
1,865
3.05%
2007
1,975
2.84%
2008
2,402
3.12%
2009
3,294
4.20%
2010
4,975
4.81%
2011
5,326
6.96%
2012f
6,292
9.11%

Source: Eurostat, DOF

Interest and expenditure payments 1995-2011 were sourced from Eurostat. 2012 figures were obtained from Budget 2013 receipts and expenditures of general government tables.

Interest from 1990-1994 is given in the following table sourced from CSO historical National Accounts. Total Expenditure by General Government consistent with the definition of Expenditure used in the table above is not available for these years.

Year
Interest
Payments
1990
2,856
1991
2,881
1992
2,850
1993
2,888
1994
2,789

Source: CSO

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