Rose Conway-Walsh
Question:210. Deputy Rose Conway-Walsh asked the Minister for Finance the debt servicing costs in each year since 2006, in tabular form; and projections of debt servicing costs into the future. [21150/23]
View answerTuesday, 9 May 2023
Questions (210)
Written answers
In response to the Deputy's question the NTMA have supplied the material below. Table 1 sets out the total debt service cost on Ireland’s National Debt for each of the years 2006 to 2022. Table 2 sets out projected debt service for each of the years 2023 to 2026. These estimates were prepared in the context of the recent Stability Programme Update 2023.
Debt service comprises net interest as well as fees and operating expenses. For the years up to and including 2014, debt service also included an annual Sinking Fund payment – a technical charge on the Exchequer current account and credit to the capital account which had no impact on the overall Exchequer balance. The requirement to make an annual Sinking Fund payment was removed in the Finance Act 2014.
Table 1: National Debt Service Expenditure 2006-2022
|
Year |
National Debt Service Expenditure €bn |
|
2006 |
2.4 |
|
2007 |
2.1 |
|
2008 |
2.1 |
|
2009 |
3.2 |
|
2010 |
4.2 |
|
2011 |
5.4 |
|
2012 |
6.5 |
|
2013 |
8.1 |
|
2014 |
8.2 |
|
2015 |
7.1 |
|
2016 |
6.8 |
|
2017 |
6.2 |
|
2018 |
6.0 |
|
2019 |
5.2 |
|
2020 |
4.7 |
|
2021 |
3.7 |
|
2022 |
3.8 |
Table 2: National Debt Service Expenditure Estimates 2023-2026
|
Year |
National Debt Service Expenditure Forecast €bn |
|
2023 |
3.5 |
|
2024 |
3.9 |
|
2025 |
3.9 |
|
2026 |
3.6 |