asked the Minister for Finance the amount of foreign borrowing both by the Government and semi-State bodies in 1983 and 1984.
Written Answers. - Foreign Borrowing Statistics.
477.
The information requested by the Deputy is as follows:
Net Foreign Currency Borrowing
|
1983 |
1984 |
|
|
IR£m. |
IR£m. |
|
|
Government |
793 |
649 |
|
Semi-State bodies |
158 |
106 |
478.
asked the Minister for Finance the levels of foreign debt outstanding both to the Government and semi-State bodies at the end of both 1983 and 1984.
The information requested by the Deputy is as follows:
Foreign Currency Debt Outstanding
|
End-1983 |
End-1984 |
|
|
IR£m. |
IR£m. |
|
|
Government |
7,017 |
7,920* |
|
Semi-State bodies |
2,032 |
2,165* |
*Provisional
479.
asked the Minister for Finance the interest payments on foreign debt by the Government and semi-State bodies in 1983 and 1984.
The information requested by the Deputy is as follows:
Interest Payments on Foreign Currency Debt
|
1983 |
1984 |
|
|
IR£m. |
IR£m. |
|
|
Government |
579 |
702 |
|
Semi-State bodies |
169 |
183 |
480.
asked the Minister for Finance the expected level of interest payments on foreign debt by the Government and by semi-State bodies in 1985; and the amount by which this has increased due to the rise in the value of the dollar since the beginning of this year.
It is not possible at this stage to provide an estimate of foreign interest payments by the Government and by semi-State bodies in 1985. This will depend, in part, on the level of foreign borrowing during 1985. The increase in the value of the US dollar against the Irish pound between 31 December 1984 and 12 March 1985 is estimated to have added approximately £22 million to the cost of interest payments in 1985 on the Government foreign debt outstanding at 31 December 1984 and approximately £4 million to the cost of interest payments by semi-State companies in 1985 on their foreign debt outstanding at 31 December 1984. Extra costs or savings during the remainder of the year will depend on exchange rates at the times when interest payments are due.