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General Government Debt

Dáil Éireann Debate, Wednesday - 12 December 2012

Wednesday, 12 December 2012

Questions (42)

Catherine Murphy

Question:

42. Deputy Catherine Murphy asked the Minister for Finance if he will provide figures of the total interest payment made by the State on general Government debt for each year 1990 to date in 2012 by amount and as a percentage of total Government expenditure in each year. [55705/12]

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Written answers

The information requested by the Deputy for the years 1995 to 2012 is provided in the following table.

Year

Interest Payments

€m

Interest % of Govt. Expenditure

1995

2,718

12.76%

1996

2,625

11.40%

1997

2,935

11.09%

1998

2,608

9.50%

1999

2,090

6.72%

2000

2,144

6.50%

2001

1,825

4.68%

2002

1,854

4.23%

2003

1,805

3.86%

2004

1,739

3.45%

2005

1,750

3.17%

2006

1,865

3.05%

2007

1,975

2.84%

2008

2,402

3.12%

2009

3,294

4.20%

2010

4,975

4.81%

2011

5,326

6.96%

2012 (f)

6,292

9.11%

Source: Eurostat, DOF

Interest and expenditure payments 1995-2011 were sourced from Eurostat. 2012 figures were obtained from Budget 2013 receipts and expenditures of general government tables.

Interest from 1990-1994 is given in the following table sourced from CSO historical National Accounts. Total Expenditure by General Government consistent with the definition of Expenditure used in the table above is not available for these years.

Year

Interest Payments

1990

2,144

1991

1,825

1992

1,854

1993

1,805

1994

1,739

Source: CSO

The following revised reply was received on 24 January 2013:

The information requested by the Deputy for the years 1995 to 2012 is provided in the following table.

Year

InterestPayments

Interest as %of Govt.Expenditure

1995

2,718

12.76%

1996

2,625

11.40%

1997

2,935

11.09%

1998

2,608

9.50%

1999

2,090

6.72%

2000

2,144

6.50%

2001

1,825

4.68%

2002

1,854

4.23%

2003

1,805

3.86%

2004

1,739

3.45%

2005

1,750

3.17%

2006

1,865

3.05%

2007

1,975

2.84%

2008

2,402

3.12%

2009

3,294

4.20%

2010

4,975

4.81%

2011

5,326

6.96%

2012f

6,292

9.11%

Source: Eurostat, DOF

Interest and expenditure payments 1995-2011 were sourced from Eurostat. 2012 figures were obtained from Budget 2013 receipts and expenditures of general government tables.

Interest from 1990-1994 is given in the following table sourced from CSO historical National Accounts. Total Expenditure by General Government consistent with the definition of Expenditure used in the table above is not available for these years.

Year

InterestPayments

1990

2,856

1991

2,881

1992

2,850

1993

2,888

1994

2,789

Source: CSO

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