Statistics

Composition of Debt

Gross National Debt at End-October 2019
  • This information is also available in tabular format
    • Composition of Debt at End-October 2019
      €bn
      Government Bonds*130.9
      EU/UK Bilateral Loans43.3
      Other Medium and Long Term Debt2.4
      State Savings Schemes (excludes POSB Deposits)**17.7
      Short-Term Debt17.5
      Gross National Debt at End-October 2019211.9
      Cash and Other Liquid Short-term Investments19.5
      Other Non-Liquid Financial Assets2.2
      National Debt at End-October 2019190.2

      NOTES & SOURCES

      Rounding may affect totals. National Debt figures for End-October 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 inflation linked bonds adjusted for month-end value.

      **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 €21.1 billion at end-October 2019.

      Source: NTMA and Central Statistics Office (CSO) General Government Debt

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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-2018 stood at €206.2 billion or 64.8% 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 €177.6 billion or 55.8% of GDP.

      Government Finance Statistics Annual – October 2019 Results – 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
      General Gov 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 2018205.3205.3
      Cash and Other Liquid Short-term Investments-15.3
      Other Non-Liquid Financial Assets-2.3
      National Debt at End-December 2018187.7
      General Government Debt adjustments
      0.9
      General Government Debt
      206.2

      The figures take account of the effect of currency hedging transactions.

  • Composition of Debt at 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
      General Government Debt adjustments
      2.7
      General Government Debt
      201.4

      The figures take account of the effect of currency hedging transactions.