asked the Minister for Finance the estimated cost of (a) interest payments and (b) capital repayments of servicing the external debt in 1980 and 1981.
Written Answers. - State Debt.
290.
|
1980£m |
1981(estimate) |
|
|
£m |
||
|
(a) Interest |
164 |
219 |
|
(b) Principal |
83 |
116 |
The 1981 Estimates relate to the Exchequer foreign debt at 31 December 1980 and are based on current interest and exchange rates. These figures exclude the cost of servicing holdings of gilts by non-residents.
291.
asked the Minister for Finance the estimated ratio of debt service in 1980 and 1981 to exports of goods and services.
The estimated ratios of debt service in 1980 and 1981 to exports of goods and services are 17 per cent and 18.5 per cent respectively. The estimate for 1981 is subject to a number of major uncertainties, in particular the volume and value of imports into our principal external markets.
292.
asked the Minister for Finance the percentage of foreign debt which will fall due for repayment within the next five years.
Of the Exchequer foreign debt at 31 December 1980, 47.7 per cent of the total expressed in Irish pounds at current exchange rates will fall due for repayment within the next five years.
293.
asked the Minister for Finance the increase in foreign borrowing in 1978, 1979 and 1980; and the extent to which this increase represents the increase in total debt.
The figures requested by the Deputy are:
|
Increase in Exchequer foreign debt£ million |
Increase in Exchequer foreign debt as a percentage of increase in total debt |
|
|
1978 |
25 |
3 per cent |
|
1979 |
479 |
35 per cent |
|
1980 (estimate) |
670 |
49 per cent |
The above figures are based on the exchange rates current at the end of each year and exclude changes in holdings of gilts by non-residents.