Statistics

Composition of Debt 

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    Composition of Debt at End-February 2019
    €bn
    Government Bonds*137.0
    EU/IMF Programme Funding44.9
    Other Medium and Long Term Debt2.2
    State Savings Schemes (excludes POSB Deposits)**17.4
    Short-Term Debt13.6
    Gross National Debt at end-February 2019 215.2
    Cash and Other Liquid Short-term Investments25.2
    Other Non-Liquid Financial Assets2.3
    National Debt at End-February 2019187.7

    NOTES & SOURCES

    Rounding may affect totals. National Debt figures for End-February are unaudited. The figures take account of the effect of currency hedging transactions.

    * Government Bonds includes NTMA Repo activity, amortising bonds adjusted by sink factor, and index inflation linked bond adjusted for current value

    ** State Savings Schemes also include moneys placed by depositors in the Post Office Savings Bank (POSB). While not an explicit component of the National Debt, these funds are mainly lent to the Exchequer as short-term advances and through the purchase of Irish Government Bonds. Taking into account POSB Deposits, total State Savings outstanding were €20.8 billion at end-February 2019.

     Source: NTMA and Central Statistics Office (CSO)

     

General Government Debt (GGD)

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.

National Debt

National Debt is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets.

Gross National Debt

Gross National Debt is the principal component of GGD.  

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    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-September 2018 stood at €216.2 billion or 68.8% of annualised 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-September 2018 General Government Net Debt stood at €178.1 billion or 56.7% of annualised GDP.

    Government Finance Statistics Quarter 3 2018 – Central Statistics Office.

    The figures in this section relate to GGD and National Debt. However, it should be noted that the NTMA’s responsibilities relate to National Debt only.

     
  • Composition of Debt at End-December 2018


    National Debt

    €bn
    Government Bonds131.8
    EU/IMF Programme Funding44.9
    Other Medium and Long-Term Debt2.2
    State Savings Schemes (excludes POSB Deposits)17.3
    Short-Term Debt9.0
    Gross National Debt at End-December 2018
    205.3
    Cash and Other Liquid Short-term Investments15.3
    Other Non-Liquid Financial Assets2.3
    National Debt at End-December 2018
    187.7

    Rounding may affect totals. National Debt figures for end-December 2018 are unaudited. The figures take account of the effect of currency hedging transactions.

     
  • Composition of Debt End-December 2017



    National Debt

    €bn
    General Gov Debt €bn
    Government Bonds127.6
    EU/IMF Programme Funding44.9
    Other Medium and Long-Term Debt1.9
    State Savings Schemes (excludes POSB Deposits)17.3
    Short-Term Debt7.05
    Gross National Debt198.7198.7
    Cash and Other Liquid Short-term Investments-10.5
    Other Non-Liquid Financial Assets-2.7
    National Debt185.5
    Other General Government Debt components
    2.6
    General Government Debt
    201.3
     
  • Composition of Debt End-December 2016


    €bn

    Government Bonds121.6
    EU/IMF Programme Funding50.3
    Other Medium and Long-Term Debt1.7

    State Savings Schemes (excludes POSB Deposits)

    17.2
    Short-Term Debt5.9
    Gross National Debt196.7196.7
    Cash and Other Liquid Short-term Investments-8.4
    Other Non-Liquid Financial Assets-2.7
    National Debt185.6
    Other General Government Debt components
    4.0
    General Government Debt
    200.7