Written answers
Tuesday, 24 October 2017
Department of Finance
General Government Debt
Michael McGrath (Cork South Central, Fianna Fail)
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95. To ask the Minister for Finance the debt-to-GDP targets in each of the years 2018 to 2023, in tabular form; and if he will make a statement on the matter. [45013/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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Forecasts for the general government gross debt to GDP ratio for the period 2018 to 2021 are set out in the Budget 2018 Economic and Fiscal Outlook book and re-produced as follows.
- | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|
Gross debt (€billions) | 208.2 | 211.5 | 208.2 | 209.0 |
Gross debt ratio per cent of GDP | 69.0 | 67.1 | 63.5 | 61.2 |
Projections beyond 2021 have not been compiled or published. However, in its Annual Debt Report 2017, ()my Department has set out a purely illustrative trajectory for the debt-to-GDP ratio over the period to 2025.
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