Aidan Farrelly
Question:331. Deputy Aidan Farrelly asked 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]
View answerTuesday, 1 April 2025
Questions (331)
Written answers
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% |