Dáil Éireann Debate, Thursday - 31 January 2013
72. Deputy Michael McGrath asked the Minister for Finance if he will set out in tabular form the ratio of general Government debt net of cash held by the National Treasury Management Agency to gross domestic product at the end of each year from 2005 - 2012; and if he will make a statement on the matter. [4980/13]
View answerGeneral government debt is a gross measure which does not allow for the offsetting of cash balances and other related assets. It is the standard measure of Government debt used for comparative purposes throughout the European Union. The table below sets out the general government debt, the cash and deposits held by the NTMA and the general government debt position net of cash and deposits in monetary terms and as a percentage of GDP.
General government debt and cash assets 2005-2012: €billion
|
Description |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012* |
|
General government debt (GGD) |
44.4 |
43.8 |
47.3 |
79.6 |
104.6 |
144.2 |
169.2 |
191.9 |
|
Cash & Deposits |
2.2 |
3.6 |
4.5 |
22.1 |
21.8 |
12.6 |
13.1 |
19.3 |
|
GGD less Cash |
42.3 |
40.2 |
42.9 |
57.5 |
82.8 |
131.6 |
156.1 |
172.6 |
|
GGD less Cash as % of GDP |
26% |
23% |
23% |
32% |
51% |
84% |
98% |
106% |
Source: Eurostat, NTMA
*Budget 2013 forecast of end-2012 GGD and GDP position
