Dáil Éireann Debate, Wednesday - 30 April 2014
77. Deputy Pearse Doherty asked the Minister for Finance the impact of Government borrowing from the European Investment Bank on the State's debt-to-GDP ratio and deficit for each year from 2000 to 2013; and the annual cost to the State arising from interest charges on EIB investment loans to the State. [19083/14]
View answerThe following table outlines the European Investment Bank borrowing from 2000-2013 and the resultant impact on general government debt for this timescale.
Likewise the annual interest costs relating to the loans have also been included in addition to the consequent effect on the general government balance figures for the same period.
|
- |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013* |
|
EIB Loans outstand-ing €m |
541 |
454 |
274 |
178 |
120 |
118 |
120 |
112 |
29 |
0 |
0 |
0 |
100 |
100 |
|
Cash interest paid to EIB €m |
48 |
37 |
24 |
18 |
12 |
9 |
9 |
9 |
8 |
2 |
0 |
0 |
0 |
4 |
|
GG Debt |
39,094 |
40,525 |
41,540 |
43,556 |
44,056 |
44,329 |
43,689 |
47,147 |
79,600 |
104,540 |
144,163 |
169,222 |
192,467 |
202,920 |
|
GDP |
105,644 |
117,524 |
130,717 |
140,635 |
150,025 |
162,897 |
177,574 |
189,655 |
180,250 |
162,284 |
158,097 |
162,600 |
163,939 |
164,050 |
|
Impact on Debt |
0.51% |
0.39% |
0.21% |
0.13% |
0.08% |
0.07% |
0.07% |
0.06% |
0.02% |
0.00% |
0.00% |
0.00% |
0.06% |
0.06% |
|
Impact on GGB |
-48 |
-37 |
-24 |
-18 |
-12 |
-9 |
-9 |
-9 |
-8 |
-2 |
0 |
0 |
0 |
-4 |
|
Impact on GGB % GDP |
-0.05% |
-0.03% |
-0.02% |
-0.01% |
-0.01% |
-0.01% |
-0.01% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
Source: NTMA, Eurostat |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
*2013 figures are provisional and unaudited
