Seán Fleming
Question:98. Deputy Sean Fleming asked the Minister for Finance the debt which is listed under the National Treasury Management Agency. [35988/17]
View answerWednesday, 26 July 2017
Questions (98)
Written answers
National Debt is the net debt incurred by the Exchequer after taking account of cash balances and other financial assets. General Government Gross Debt (GGD) is a measure of the total gross consolidated debt of the State compiled by the Central Statistics Office (CSO). It is the standard measure used for comparative purposes across the European Union.
The primary component of General Government Debt (GGD) is Gross National Debt – that is the National Debt before netting off cash and financial assets. GGD also includes the debt of central and local government bodies. The NTMA’s responsibilities relate to the management of the National Debt only.
As at end-December 2016, GGD stood at €200.6 billion, or 75% GDP. This comprised of Gross National Debt of €196.7 billion (National Debt was €185.6 billion) and other GGD of €3.8 billion.
For further information on the NTMA’s debt and funding management activities, I direct the Deputy to the recently published NTMA Annual Report for 2016, available here.