Dáil Éireann Debate, Thursday - 9 May 2024
161. Deputy Pearse Doherty asked the Minister for Finance the source of Exchequer funding that would be required in the years 2026 and 2027 under the SPU, given the projected Exchequer deficits of €1.9 billion and €1.3 billion respectively; for example, whether the Exchequer account would be supported through borrowing; and if he will make a statement on the matter. [21174/24]
View answerThe SPU fiscal forecasts incorporate Exchequer borrowing in both 2026 and 2027 when there is a projected Exchequer deficit. However, it should be noted that there is also borrowing included in the projections for 2024 and 2025, when the Exchequer is projected to run a surplus.
There is also maturing debt that will require refinancing: for example, based on the current maturity profile of the medium/long-term debt portfolio, maturing debt in the form of Government bonds as well as EFSM and SURE Programme loans totals almost €15 billion in 2026 and almost €9 billion in 2027.
