Fiscal Data

Wednesday, 30 April 2025

Questions (41, 42)

Pearse Doherty

Question:

41. Deputy Pearse Doherty asked the Minister for Finance the average annual rate of interest paid on the national debt; and if he will make a statement on the matter. [21469/25]

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42. Deputy Pearse Doherty asked the Minister for Finance the average annual rate of interest paid on debt issued in the past ten years; and if he will make a statement on the matter. [21470/25]

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Written answers

Minister for Finance

I propose to take Questions Nos. 41 and 42 together.

The National Treasury Management Agency (NTMA) has informed me that based on the most recently published General Government debt and interest figures from the CSO, the average interest rate on Ireland’s General Government debt was 1.5% in 2024.

Additionally, the NTMA has advised that the weighted average yield on Ireland’s total benchmark bond issuance from 2015 to end-Q1 2025 was 1.0%. Total benchmark bond issuance over that period was €138bn.

Question No. 42 answered with Question No. 41.