Terence Flanagan
Question:65. Deputy Terence Flanagan asked the Minister for Finance the GDP, GNP, national debt, inflation rate and national debt to GDP ratio predicted for 2014; and if he will make a statement on the matter. [2033/14]
View answerThursday, 16 January 2014
Questions (65)
Written answers
Budget 2014 published on 15 October 2013, contained the latest macroeconomic and fiscal forecasts from my Department. These forecasts are set out in section C of the Budget booklet.
I note that the Deputy has asked for information on national debt. As general government debt expressed as a percentage of gross domestic product is the standard metric internationally for accessing debt levels, information on general government debt has been included instead of national debt.
The information requested by the Deputy is set out in the table.
|
- |
Forecast for 2014 |
|
Nominal GDP (rounded to nearest €25m) |
170,600 |
|
Nominal GNP (rounded to nearest €25m) |
138,500 |
|
General Government Debt ( € billion) |
204.7 |
|
General Government Debt (as % of GDP) |
120.0% |
|
Inflation rate (HICP) |
1.2% |
|
Source: Department of Finance |