Non-Marketable (Exchequer and Central Treasury Notes)
Other Medium and Long Term Debt
European Investment Bank & Council of Europe Development Bank Loans
Private Placements & Medium-Term Notes
Borrowing from Ministerial Funds
Gross National Debt
Cash and Liquid Assets
Other Non-Liquid Financial Assets
Rounding may affect totals. National Debt figures for End-December are unaudited. The figures take account of the effect of currency hedging transactions.
*Government Bonds includes NTMA repo activity. **State Savings Schemes also include Post Office Savings Bank (POSB) deposits. While not an explicit component of the National Debt, these funds are mainly lent to the Exchequer as a ways and means of funding short-term Exchequer requirements. Taking into account the POSB Deposits, total State Savings outstanding were €21.2 billion at end-December 2019.
General Government Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office (CSO) and is the measure used for comparative purposes across the European Union. The National Debt is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. Gross National Debt is the principal component of GGD. GGD also includes the debt of central and local government bodies. GGD is reported on a gross basis and does not net off outstanding cash balances and other related assets – unlike the National Debt. The CSO report that GGD at end-2018 stood at €206 billion or 63.6% of Gross Domestic Product (GDP).
The CSO produces a measure of General Government Net Debt by subtracting from the General Government Gross Debt figure the value of the financial assets corresponding to the categories of financial liabilities which comprise General Government Gross Debt. The CSO report that at end-2018 General Government Net Debt stood at €177.9 billion or 54.9% of GDP.