Marc MacSharry
Question:163. Deputy Marc MacSharry asked the Minister for Finance the impact an additional €10 billion in borrowing would have on the debt-to-GDP ratio; and if he will make a statement on the matter. [26644/16]
View answerTuesday, 27 September 2016
Questions (163)
Written answers
The most recent official forecast of general government debt (GGD) for 2016, published in the Stability Programme Update in April 2016, was €203.8 billion, which equated to 88.2% of GDP. The impact of an additional €10 billion in borrowing would increase this debt to GDP ratio by 4.4 percentage points to 92.6%.
New macroeconomic and fiscal forecasts are currently being prepared for the Budget day publication. These will take account of developments up to that time, including both the outcome of the UK referendum in June and the GDP revisions for 2015 published in July by the CSO.