Written answers
Tuesday, 10 February 2015
Department of Finance
National Debt
Seán Fleming (Laois-Offaly, Fianna Fail)
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228. To ask the Minister for Finance if he will provide, in tabular form, the amount of the national debt outstanding at the end of each year from 1970 to 2014; the amount of additional borrowing; the amount of debt repaid; the interest charged on the debt in respect of each year; the gross domestic product for each year; the percentage of debt to gross domestic product outstanding at the end of each of year; and if he will make a statement on the matter. [5896/15]
Michael Noonan (Limerick City, Fine Gael)
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The data for 36 of the 45 years requested by the Deputy is in included in the table following. Unfortunately, it was not possible to collate all the information required for this answer in the time allowed.
Audited data for 2014 will not be available until after the Office of the Comptroller and Auditor General completes the audit of the public finances and the Finance Accounts are published later this year. Provisional data is available from the end 2014 Exchequer Statement, which is published on my Department's website. The Budget 2015 forecast GDP for 2014 was €183,800 million. I will provide the Deputy with the remaining data in writing shortly.
Year | National Debt € m | Interest €m | Amount Borrowed €m | Amount Repaid €m | GDP €m | Debt to GDP % |
---|---|---|---|---|---|---|
1978 | €6,561 | €459 | €3,553 | €2,441 | €9,316 | 70.42% |
1979 | €8,304 | €571 | €5,790 | €4,411 | €11,036 | 75.24% |
1980 | €10,026 | €740 | €6,549 | €4,878 | €13,097 | 76.55% |
1981 | €12,945 | €1,010 | €9,404 | €7,089 | €15,892 | 81.46% |
1982 | €14,817 | €1,451 | €13,261 | €10,643 | €18,853 | 78.59% |
1983 | €18,274 | €1,689 | €12,000 | €9,612 | €20,780 | 87.94% |
1984 | €21,358 | €1,988 | €15,761 | €13,035 | €23,013 | 92.81% |
1985 | €23,492 | €2,320 | €18,776 | €15,551 | €24,998 | 93.98% |
1986 | €27,440 | €2,308 | €17,084 | €13,794 | €26,625 | 103.06% |
1987 | €30,085 | €2,457 | €16,780 | €13,955 | €28,451 | 105.74% |
1988 | €31,250 | €2,491 | €19,384 | €17,829 | €30,389 | 102.83% |
1989 | €31,525 | €2,484 | €13,863 | €12,692 | €33,706 | 93.53% |
1990 | €31,849 | €2,676 | €15,066 | €14,381 | €36,541 | 87.16% |
1991 | €32,223 | €2,722 | €18,677 | €17,762 | €38,018 | 84.76% |
1992 | €33,450 | €2,673 | €26,803 | €26,512 | €40,489 | 82.61% |
1993 | €36,006 | €2,636 | €41,580 | €39,757 | €43,605 | 82.57% |
1994 | €37,111 | €2,653 | €46,071 | €46,078 | €46,864 | 79.19% |
1995 | €38,358 | €2,656 | €50,054 | €49,163 | €54,704 | 70.12% |
1996 | €37,980 | €2,811 | €120,978 | €120,535 | €60,072 | 63.22% |
1997 | €38,967 | €3,136 | €135,851 | €135,325 | €69,232 | 56.28% |
1998 | €37,509 | €2,662 | €127,244 | €127,755 | €80,084 | 46.84% |
1999 | €39,849 | €2,351 | €176,793 | €178,383 | €92,491 | 43.08% |
2000 | €36,511 | €2,069 | €85,336 | €88,423 | €107,799 | 33.87% |
2001 | €36,183 | €1,875 | €89,899 | €90,619 | €121,199 | 29.85% |
2002 | €36,361 | €1,660 | €145,411 | €145,591 | €135,179 | 26.90% |
2003 | €37,610 | €1,764 | €155,999 | €154,825 | €144,840 | 25.97% |
2004 | €37,846 | €1,677 | €216,213 | €215,908 | €155,470 | 24.34% |
2005 | €38,182 | €1,721 | €285,245 | €284,625 | €169,153 | 22.57% |
2006 | €35,917 | €1,860 | €234,647 | €235,507 | €183,759 | 19.55% |
2007 | €37,560 | €1,619 | €155,822 | €153,304 | €196,749 | 19.09% |
2008 | €50,398 | €1,544 | €214,454 | €184,167 | €186,870 | 26.97% |
2009 | €75,152 | €2,535 | €278,170 | €253,773 | €168,114 | 44.70% |
2010 | €93,445 | €3,492 | €172,614 | €160,122 | €164,928 | 56.66% |
2011 | €119,082 | €4,548 | €101,199 | €74,153 | €171,042 | 69.62% |
2012 | €137,632 | €5,679 | €268,580 | €248,447 | €172,755 | 79.67% |
2013 | €173,947 | €7,324 | €157,432 | €121,144 | €174,791 | 99.52% |
From 1995 to 2013, GDP is calculated on an ESA 2010 basis.
Data prior to 2000 has been converted to euro.
The Deputy may wish to note that much of the data for recent years and other related data are available on my Department's website in the Budget and Economic Statistics publication and the Annual Finance Accounts.
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