Michael Creed
Question:59 Mr. Creed asked the Minister for Finance the average interest rate payable on (a) foreign borrowings and (b) home borrowings for each year since 1980.
Written Answers. - State Borrowing.
The average rates of interest for each year as measured by the ratio of Irish pound and foreign currency debt interest payments in each year to the amounts of Irish pound and foreign currency debt included in the national debt at the end of each year are set out in the table below.
Table
Average Rate of Interest (%)
|
Year |
(a) Domestic |
(b) Foreign |
|
1980 |
7.4 |
7.4 |
|
1981 |
8.5 |
6.6 |
|
1982 |
9.8 |
9.8 |
|
1983 |
10.0 |
8.4 |
|
1984 |
9.7 |
8.9 |
|
1985 |
10.0 |
9.6 |
|
1986 |
8.9 |
7.8 |
|
1987 |
8.7 |
7.4 |
|
1988 |
8.3 |
7.4 |
|
1989 |
7.8 |
8.1 |
|
1990 |
8.5 |
8.2 |
Michael Creed
Question:60 Mr. Creed asked the Minister for Finance the total amount of foreign borrowings owed by this country for each of the year since 1980.
I assume that the Deputy is referring to the total foreign currency debt for the years in question. The information sought is provided in the table below.
|
Year ended 31 December |
Foreign Currency Debt Outstanding £000 1 |
|
1980 |
2,207 |
|
1981 |
3,794 |
|
1982 |
5,248 |
|
1983 |
6,899 |
|
1984 |
7,910 |
|
1985 |
8,114 |
|
1986 |
9,220 |
|
1987 |
9,693 |
|
1988 |
9,498 |
|
1989 |
9,123 |
|
1990 (Provisional) |
8,852 |
1 The method of calculating the national debt was adjusted in 1987 and end year figures on the new adjusted basis have been prepared in respect of the years from 1982 onwards.