Written answers

Thursday, 16 January 2014

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Independent)
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65. To ask the Minister for Finance the GDP, GNP, national debt, inflation rate, national debt/GDP ratio predicted for 2014; and if he will make a statement on the matter. [2033/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Budget 2014 published on 15October 2013, contained the latest macroeconomic and fiscal forecasts from my Department. These forecasts are set out in section C of the Budget booklet.

I note that the Deputy has asked for information on national debt. As general government debt expressed as a percentage of gross domestic product is the standard metric internationally for accessing debt levels, information on general government debt has been included instead of national debt.

The information requested by the Deputy is set out in the table below.

-Forecast for 2014
Nominal GDP (rounded to nearest €25m)170,600
Nominal GNP (rounded to nearest €25m)138,500
General Government Debt ( € billion)204.7
General Government Debt (as % of GDP)120.0%
Inflation rate (HICP)1.2%
Source: Department of Finance

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