Written answers
Thursday, 16 January 2014
Department of Finance
Economic Data
Terence 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]
Michael 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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