asked the Minister for Finance the amount of debt service for each year from 1977 to 1988 inclusive; the amount expressed as a percentage of our gross national product; and the forecasted amounts for 1989.
Written Answers. - Debt Service.
62.
The information requested by the Deputy is provided in the table below. Figures for 1989 will not be available until all aspects of that year's budget have been decided.
|
Year |
Service of Government Debt |
|
|
£m. |
% of GNP |
|
|
1977 |
334 |
6.0% |
|
1978 |
418 |
6.4% |
|
1979 |
514 |
6.7% |
|
1980 |
661 |
7.3% |
|
1981 |
885 |
8.2% |
|
1982 |
1,249 |
10.0% |
|
1983 |
1,456 |
10.8% |
|
1984 |
1,705 |
11.6% |
|
1985 |
1,967 |
12.8% |
|
1986 |
1,989 |
12.3% |
|
1987 |
2,118 |
12.2% |
|
1988 (Budget Estimate) |
2,173 |
12.2% |