Written answers
Tuesday, 28 May 2013
Department of Finance
General Government Debt
John Deasy (Waterford, Fine Gael)
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203. To ask the Minister for Finance the overall current level of debt here; and if he will categorise the different debt amounts. [25896/13]
Michael Noonan (Limerick City, Fine Gael)
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The most recent period for which data is available on the general government debt is the last quarter of 2012. A detailed breakdown of the composition of general government debt and resultant pie chart is available on page 24 of the Irish Stability Programme April 2013 Update. The corresponding data requested by the Deputy is listed in the table.
- | 2012 €bn |
---|---|
Government Bonds | 87.9 |
State Savings | 16.2 |
Promissory Note | 25.3 |
Programme Assistance | 56.7 |
Other | 6.4 |
General Government Debt | 192.5 |
Source: Department of Finance, NTMA and CSO
Note: In February 2013 the promissory note commitment was replaced by a portfolio of government bonds. The effect of this exchange (excluding costs related to the whole transaction) is to replace the promissory note debt with government bond debt, with no immediate effect on the general government debt.
John Deasy (Waterford, Fine Gael)
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204. To ask the Minister for Finance the projections for the overall national debt levels here for each of the next ten years; and the estimated amounts of interest to be paid in each of those years. [25897/13]
Michael Noonan (Limerick City, Fine Gael)
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National debt is essentially the debt of the Exchequer and is a subset of general government debt. General government debt is the measure of the total debt of the State used for comparative purposes across the European Union. The latest forecasts available going out to 2019, have been published recently in the Stability Programme Update (SPU). The table restates the forecast for general government debt as contained in the SPU and also contains the forecast nominal amounts for debt and interest.
- | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
---|---|---|---|---|---|---|---|
General Government Debt % of GDP | 123.3% | 119.4% | 115.5% | 110.8% | 107.9% | 103.6% | 97.9% |
General Government Debt € Billion | 207.0 | 208.2 | 209.7 | 209.5 | 211.8 | 212.5 | 210.8 |
General Government Interest € Billion | 8.2 | 8.5 | 8.9 | 9.2 | 9.5 | 9.9 | 10.1 |
Source: Department of Finance
Notes: Rounding may affect totals
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