Willie O'Dea (Limerick City, Fianna Fail)
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223. To ask the Minister for Finance the annual debt repayments as a share of GDP and as a share of GNI* in each of the years 2000 to 2020; and the estimated repayments for same in 2021, in tabular form; and if he will make a statement on the matter. [4265/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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The tables below presents principal receipts and payments figures in respect of the National Debt for the years 2000 to 2019, as well as provisional, unaudited figures for 2020. The tables also present the net borrowing / repayment position for each of those years.

Both the receipts and payments figures represent the gross value of borrowing activity, including the rollover of debt and related hedging transactions.

For certain categories of debt – short-term debt for example – the gross figures for receipts and payments in any given year can appear inflated. This reflects the regularity with which these types of debt instruments are rolled-over. It is for this reason that the net position is also shown.

The National Debt is expected to grow further this year meaning there will be net borrowing. It is difficult however to give reliable estimates of gross receipts and payments figures at the aggregate level. This is because of the regularity with which certain types of debt instruments are rolled-over and the resulting scale of the gross receipts and payments flows.

It is however worth noting that there are no benchmark bond maturities in 2021. The only medium/long-term debt maturity of note this year is the final £0.4bn tranche of the UK bilateral loan which matures in March.

The NTMA plans to issue €16bn to €20bn of Government bonds in 2021. The key driver of this funding range is the Exchequer Borrowing Requirement, which was forecast at almost €18bn in Budget 2021 last October.

Rounding may affect totals

Source: NTMA

*Provisional, unaudited figures.

For 2020 GDP and GNI* are based on the most up-to-date forecasts.

Rounding may affect totals

Source: NTMA

*Provisional, unaudited figures

For 2020 GDP and GNI* are based on the most up-to-date forecasts.

Rounding may affect totals

Source: NTMA

*Provisional, unaudited figures

For 2020 GDP and GNI* are based on the most up-to-date forecasts.

Rounding may affect totals