Written answers

Tuesday, 18 June 2019

Department of An Taoiseach

General Government Debt

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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86. To ask the Taoiseach the general Government debt for 2017 and 2018; and the reason the general Government debt increased by €5 billion between 2017 and 2018, in tabular form. [25204/19]

Photo of Seán KyneSeán Kyne (Galway West, Fine Gael)
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General Government Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office. It is the measure used for comparative purposes across the European Union Member States.

National Debt is the net debt incurred by the Exchequer after taking account of cash and other financial assets. The national debt is the principal component of general government debt. The latter measure also includes extra-budgetary funds, non-commercial state-sponsored bodies and the debt of local authorities.

The developments in the General Government Debt forecast for the years 2019 to 2023, broken down into available components, were published in Table A5 of the Stability Programme Update2019. The table is reproduced for the Deputy's convenience.

€ billions, unless stated20192020202120222023
Opening general government debt206.2205.1196.7203.6203.5
Exchequer borrowing requirement2.1-0.4-0.60.2-0.6
Change in Exchequer Deposits-2.5-8.35.1-1.21.3
Net lending of NCSSBs*-
Net lending of local government0.20.2-0.1-0.2-0.3
Change in collateral held00000
Closing general government debt205.1196.7203.6203.5206.0
General government debt to GDP ratio61.155.855.453.251.6

*NCSSBs = Non-commercial semi-state bodies


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