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Household Debt

Dáil Éireann Debate, Wednesday - 19 May 2010

Wednesday, 19 May 2010

Questions (58, 59)

James Reilly

Question:

83 Deputy James Reilly asked the Minister for Finance the household debt on 31 December 2009 and on the most recently available data; and if he will make a statement on the matter. [20800/10]

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James Reilly

Question:

84 Deputy James Reilly asked the Minister for Finance the household debt in September 2004 and May 2008; and if he will make a statement on the matter. [20801/10]

View answer

Written answers

I propose to answer Questions Nos. 83 and 84 together.

Household debt levels are, in the first instance, a matter for the Central Bank and Financial Services Authority of Ireland.

Figures received from the Central Bank and Financial Services Authority put the level of household debt at €168.3 billion at end March 2010 which is the latest figure available. The figures for December 2009, May 2008 and September 2004 are outlined as follows.

€ billion

December 2009

171.2

May 2008

174.6

September 2004

90.2

Source: Central Bank and Financial Services Authority of Ireland.

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