Written answers
Tuesday, 1 April 2025
Department of Finance
Fiscal Data
Aidan Farrelly (Kildare North, Social Democrats)
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331. To ask the Minister for Finance the current balance of the national debt; the annual cost of servicing same; and the details of the debt amount in the context of GDP and GNI. [15195/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The NTMA have informed me that at end-2024, Gross National Debt stood at €232.6bn. After deducting Exchequer cash and other financial assets of €39.6bn, Net National Debt was €193bn at end-2024.
Exchequer debt service expenditure was €3.1bn in 2024 and, at the time of Budget 2025 in October 2024, was projected to be €3.2bn in 2025.
As contain in the Department of Finance's Budget 2025 Economic & Fiscal Outlookwww.gov.ie/en/publication/ed336-budget-2025-economic-and-fiscal-outlook/ publication’s estimates of Gross Domestic Product (GDP) and Modified Gross National Income (GNI*) for 2024, the following are the estimated Gross and Net National Debt ratios at end-2024.
End-2024 | GDP | GNI* |
---|---|---|
Gross National Debt | 44% | 74% |
Net National Debt | 37% | 61% |
Aidan Farrelly (Kildare North, Social Democrats)
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332. To ask the Minister for Finance the schedule of bilateral loans the State has with other States; the balance of each loan; the rate at which each was borrowed to term of loan. [15196/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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The Exchequer currently has no bilateral loans from other States.
As part of the Joint EU-IMF Programme of Financial Support which Ireland entered in late 2010, Ireland borrowed bilaterally from the UK, Sweden, and Denmark.
However, each of those bilateral loans has been fully repaid, with those from Sweden and Denmark repaid in late 2017 and the loan from the UK repaid over the period from April 2019 to March 2021.
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