asked the Minister for Finance the level of the national debt at 31 December in each year from 1982 to 1988 inclusive; if he will give a breakdown of the net amounts owed to (a) Irish lending institutions and (b) foreign lending institutions for each of those years; the amount of debt repaid in each of those years to (1) national financial institutions and (2) foreign financial institutions; and the average rate of interest charged by (i) domestic and (ii) foreign financial institutions for each of those years.
Written Answers. - National Debt.
107.
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 and foreign lending institutions is not available. However, the information requested by the Deputy, broken down between Irish Pound denominated debt and foreign currency denominated debt, is set out in the table below. Debt repayments are defined as scheduled repayments of foreign debt and national loans.
|
Year ended |
National Debt |
National Debt Repayments |
Interest charged onAverage Rate of National Debt |
|||||
|
Domestic |
Foreign |
Total |
Domestic |
Foreign |
Total |
Domestic |
Foreign |
|
|
£m |
£m |
£m |
£m |
£m |
£m |
% |
% |
|
|
1982 |
6,421 |
5,248 |
11,669 |
729 |
441 |
1,170 |
9.8 |
11.4 |
|
1983 |
7,493 |
6,899 |
14,392 |
790 |
374 |
1,164 |
10.8 |
9.5 |
|
1984 |
8,911 |
7,910 |
16,821 |
772 |
683 |
1,455 |
10.5 |
9.5 |
|
1985 |
10,387 |
8,114 |
18,501 |
1,353 |
292 |
1,645 |
10.8 |
9.8 |
|
1986 |
12,391 |
9,220 |
21,611 |
1,229 |
336 |
1,565 |
9.7 |
8.3 |
|
1987 |
14,001 |
9,690 |
23,691 |
1,132 |
413 |
1,545 |
9.2 |
7.6 |
|
1988* |
15,115 |
9,495 |
24,610 |
1,570 |
277† |
1,847 |
8.6 |
7.3 |
*Provisional
†Actual repayments of foreign debt in 1988 were £443 million.