asked the Minister for Finance if he will give details of interest paid to (a) Irish banks (b) foreign banks and (c) other financial institutions, accruing from the national debt between 1983-88.
Written Answers. - Interest Payments.
41.
Many of the foreign currency denominated loans in the national debt are issued in bearer form and a breakdown of the investors currently holding them, as between Irish banks, foreign banks and other financial institutions, is not available. However, the total interest paid on the national debt from Central Fund services for each year in the period 1983-87, broken down as between interest payments on foreign currency denominated debt and interest payments on IR£ denominated debt, together with the 1988 budget estimate for total interest payments is as follows:—
Interest Payments from Central Fund Services.
|
(a) |
(b) |
(c) |
|
|
Total |
On Foreign Currency Denominated Debt |
On IR£ Denominated Debt |
|
|
£m |
£m |
£m |
|
|
1983 |
1330 |
579 |
751 |
|
1984 |
1566 |
702 |
864 |
|
1985 |
1827 |
783 |
1044 |
|
1986 |
1817 |
716 |
1101 |
|
1987 |
1935 |
722 |
1213 |
|
1988 Budget Estimate |
1975 |
— |
— |