Mick Barry (Cork North Central, Solidarity)
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21. To ask the Minister for Finance if he will report on the amount of interest paid on the national debt; and if he will make a statement on the matter. [44870/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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The National Treasury Management Agency (NTMA) has informed me, that the net Exchequer cash interest paid in respect of Ireland’s National Debt in 2020 was just over €4.5bn.

This was a reduction of over €0.5bn, or more than 10% on the 2019 figure and some 40% below the 2014 peak.

In the first eight months of 2021, National Debt interest totalled just over €3.2bn, more than €0.5bn or close to 14% below the corresponding period last year.

National Debt interest for the full year 2021 was estimated at just over €3.7 billion in the April Stability Programme Update (SPU), the lowest it has been since 2010. An updated estimate will be published in Budget 2022next month.