Michael McGrath (Cork South Central, Fianna Fail)
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226. To ask the Minister for Finance the average maturity of each of the components and the overall average maturity of the general Government debt; and if he will make a statement on the matter. [18487/13]

Michael Noonan (Limerick City, Fine Gael)
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The latest estimate for Ireland’s general government debt at end-2012, which was published yesterday as part of the March EDP Returns, stood at EUR 192 billion. Details of the composition of this debt by its maturity are set out in the table below.

General Government debt as at end-2012

Source: NTMA, CSO

Rounding may affect totals

*The State Savings products offered to personal savers include overnight demand and 30 day notice Deposit accounts and savings products with maturities from 3 to 10 years. These balances generally have a very high re-investment rate.

**The Promissory Note maturity figure at end-2012 is calculated as the then remaining schedule of payments of the IBRC Promissory Notes until the principal and interest were fully paid off. The last instalment which was due to be paid on the IBRC Promissory Note was scheduled to be 31 March 2031. As part of the liquidation of IBRC, the Promissory Note was replaced, in February 2013, with a portfolio of floating rate Irish Government bonds, which have a weighted average maturity of 34-35 years.

***The balance of €4 billion of other general government debt includes debt of Local Authorities, the Housing Finance Agency, non-commercial semi-state bodies, voluntary hospitals, the HSE, State savings accruals and the outstanding EBS Promissory Note of €227 million.