7 Feb 2012, 16:04
Head of Statistics at the Central Bank, Joe McNeill, will provide a statistical overview on personal non-mortgage debt to the Committee Finance, Public Expenditure and Reform at its meeting tomorrow, 8th February.
Committee Chairman, Alex White TD said: “Ireland now has one of the highest levels of household debt relative to disposable income in the developed world. The easy availability of cheap credit in the boom years has resulted in a level of personal debt which is strangling people in the current recession as job losses, pay cuts and rising costs take their toll. While, quite rightly, there has been much focus on the issue of mortgage debt, the current level of personal debt is also a problem. To deal with a situation, it is important to quantify it. Tomorrow, we will have a chance to get an in-depth overview of the personal debt situation in Ireland, whether it is term loans, credit card debt, overdrafts or credit union loans. The evidence we will hear tomorrow will help inform a report that the Committee is drafting on personal and household debt.”
This meeting will take place tomorrow, Wednesday, 8th February, in Committee Room 4, Leinster House 2000 at 2pm.
Committee proceedings can be followed live at:
http://www.oireachtas.ie/ViewDoc.asp?fn=/documents/livewebcast/Web-Live.htm&CatID=83&m=o
For further information please contact:
Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2
P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551
Committee Membership
Deputies
Richard Boyd-Barrett, People Before Profit
Thomas P. Broughan, Labour Party
Michael Creed, Fine Gael
Jim Daly, Fine Gael
Pearse Doherty, Sinn Fein
Stephen Donnelly, Independent
Sean Fleming, Fianna Fail
Joe Higgins, Socialist Party
Heather Humphreys, Fine Gael
Kevin Humphreys, Labour Party
Peter Mathews, Fine Gael
Mary Lou McDonald, Sinn Fein
Michael McGrath, Fianna Fail
Olivia Mitchell, Fine Gael
Seán Ó Fearghaíl, Fianna Fail
Jonathan O’Brien, Sinn Fein
Kieran O’Donnell, Fine Gael
Arthur Spring, Labour Party
Billy Timmins, Fine Gael
Liam Twomey, Fine Gael
Alex White, Labour Party
Senators
Sean D Barrett, Independent
Thomas Byrne, Fianna Fail
Michael D’Arcy, Fine Gael
Aideen Hayden, Labour Party
Tom Sheahan, Fine Gael
Katherine Zappone, Independent