Mick Barry
Question:21. Deputy Mick Barry asked the Minister for Finance if he will report on the amount of interest paid on the national debt; and if he will make a statement on the matter. [44870/21]
View answerTuesday, 21 September 2021
Questions (21)
Written answers
The National Treasury Management Agency (NTMA) has informed me, that the net Exchequer cash interest paid in respect of Ireland’s National Debt in 2020 was just over €4.5bn.
This was a reduction of over €0.5bn, or more than 10% on the 2019 figure and some 40% below the 2014 peak.
In the first eight months of 2021, National Debt interest totalled just over €3.2bn, more than €0.5bn or close to 14% below the corresponding period last year.
National Debt interest for the full year 2021 was estimated at just over €3.7 billion in the April Stability Programme Update (SPU), the lowest it has been since 2010. An updated estimate will be published in Budget 2022 next month.