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National Debt

Dáil Éireann Debate, Wednesday - 4 July 2018

Wednesday, 4 July 2018

Questions (132)

Bernard Durkan

Question:

132. Deputy Bernard J. Durkan asked the Taoiseach the extent to which Ireland's total debt and current debt compare with other European countries. [29376/18]

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Written answers

The following table outlines the government consolidated gross debt for the 28 Member States for 2017.

General Government Gross Debt (GG Debt) is defined in the EU regulations implementing the Maastricht Treaty as the gross debt liabilities of the consolidated General Government sector, at nominal value. ‘Consolidated’ means that any money owed by one entity within General Government to another is excluded from the total GG Debt.

Also included in the table is the percentage of debt to the relevant country's GDP.

Government consolidated gross debt, 2017

Country

€ million

% of GDP

European Union (current composition)

12,504,713

81.6

Belgium

452,170

103.1

Bulgaria

12,815

25.4

Czech Republic

68,500

34.6

Denmark

104,895

36.4

Germany

2,092,643

64.1

Estonia

2,066

9.0

Ireland

201,294

68.0

Greece

317,407

178.6

Spain

1,144,298

98.3

France

2,218,436

97.0

Croatia

38,080

78.0

Italy

2,263,056

131.8

Cyprus

18,725

97.5

Latvia

10,782

40.1

Lithuania

16,632

39.7

Luxembourg

12,709

23.0

Hungary

90,535

73.6

Malta

5,643

50.8

Netherlands

416,067

56.7

Austria

289,490

78.4

Poland

240,220

50.6

Portugal

242,620

125.7

Romania

64,565

35.0

Slovenia

31,860

73.6

Slovakia

43,227

50.9

Finland

137,286

61.4

Sweden

189,961

40.6

United Kingdom

2,013,316

87.7

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