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National Debt

Dáil Éireann Debate, Tuesday - 17 June 2014

Tuesday, 17 June 2014

Questions (180)

Michael P. Kitt

Question:

180. Deputy Michael P. Kitt asked the Minister for Finance if he will outline on a schedule the current budget deficit for each year from 1987 to 2013; if he will outline by schedule the Exchequer borrowing requirement from 1984 to 2013; the total capital budget for each year from 1984 to 2013; the debt-GDP ratio for each year from 1984 to 2013; and if he will make a statement on the matter. [25898/14]

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Written answers

I would point the Deputy to the "Budgetary & Economic Statistics 2013" document which was published by my Department in December 2013. This is available on my Department's website at the following link and contains the requested information to 2012:http://www.finance.gov.ie/what-we-do/economic-policy/publications/data-statistics/budget-and-economic-statistics-2013 .  

Data on 2013 Exchequer outturns are available on my Departments website at: http://www.finance.gov.ie/sites/default/files/Exchequer_Final_Statement%20December%202013.pdf

CSO relevant data are available on the following link: http://www.cso.ie/en/releasesandpublications/nationalaccounts/governmentfinancestatistics/

For ease of reference, the figures from the Budgetary & Economic Statistics and outturns for 2013 are shown in the following table.

€billion

Current Spending

Current Revenue

Current Budget Deficit

Capital Budget

Exchequer Borrowing Requirement

National Debt (% of GDP)

1984

10.1

9.1

-1.0

2.1

-2.3

93%

1985

11.0

9.6

-1.4

2.1

-2.7

94%

1986

11.7

10.2

-1.5

2.0

-2.7

103%

1987

12.2

11.0

-1.2

1.7

-2.3

106%

1988

12.3

11.8

-0.5

1.8

-0.8

103%

1989

12.4

11.9

-0.5

2.1

-0.6

94%

1990

13.2

13.0

-0.2

2.1

-0.6

87%

1991

14.3

13.9

-0.4

2.3

-0.3

85%

1992

15.4

14.8

-0.6

2.6

-0.9

83%

1993

16.5

16.0

-0.5

2.8

-0.9

83%

1994

17.6

17.5

-0.1

3.3

-0.9

79%

1995

18.9

18.0

-0.9

3.8

-0.8

71%

1996

20.6

19.8

-0.8

4.4

-0.6

64%

1997

21.5

22.4

0.8

4.3

-0.3

57%

1998

22.3

25.2

2.9

5.1

0.9

48%

1999

24.1

28.9

4.8

6.1

1.5

44%

2000

25.9

33.3

7.4

7.3

3.2

35%

2001

29.9

35.3

5.4

8.6

0.7

31%

2002

33.0

38.9

5.9

8.5

0.1

28%

2003

36.3

41.1

4.8

8.4

-1.0

27%

2004

39.1

45.2

6.1

8.6

0.0

25%

2005

43.1

50.0

6.9

9.4

-0.5

23%

2006

47.5

57.4

9.9

11.8

2.3

20%

2007

52.5

60.2

7.6

12.5

-1.6

20%

2008

57.3

54.0

-3.3

10.7

-12.7

28%

2009

60.7

46.9

-13.8

10.2

-24.6

46%

2010

60.7

47.3

-13.4

6.9

-18.7

59%

2011

59.5

48.4

-11.1

5.7

-24.9

73%

2012

60.2

50.2

-10.1

5.7

-14.9

84%

2013

62.2

51.6

-10.6

5.4

-11.5

106%

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