Tuesday, 23 July 2019

Questions (223, 224)

Richard Boyd Barrett

Question:

223. Deputy Richard Boyd Barrett asked the Minister for Finance the size of the national debt. [33517/19]

View answer

Richard Boyd Barrett

Question:

224. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated amount of interest that will be paid on the national debt in 2020. [33518/19]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 223 and 224 together.

The National Treasury Management Agency (NTMA) advise me that at end-June 2019 National (net) Debt was €188 billion.

Exchequer cash interest on the National Debt for 2020 was estimated at €4.8 billion in the Stability Programme Update (SPU) in April. This is a reduction of over €250 million on the Budget 2019 estimate of last October. The next estimate will be published as part of Budget 2020 in October.