asked the Minister for Finance the amount of money borrowed by the State (i) at home and (ii) abroad, the amount of repayments made under each heading in each year from 1970 to 1979 inclusive and the proposed amounts for 1980.
Written Answers. - State Borrowings.
24.
Since the reply is in the form of a tabular statement. I propose, with the permission of the Ceann Comhairle, to circulate it with the Official Report: Following is the statement:
|
Year |
Domestic |
Foreign |
||
|
Gross Exchequer Borrowing |
Exchequer Repayments |
Gross Exchequer Borrowing |
Exchequer Repayments |
|
|
£m. |
£m. |
£m. |
£m. |
|
|
1970-71 |
115 |
46 |
29 |
4 |
|
1971-72 |
155 |
66 |
21 |
4 |
|
1972-73 |
150 |
38 |
23 |
5 |
|
1973-74 |
239 |
86 |
47 |
7 |
|
April-Dec. 1974 |
203 |
39 |
149 |
5 |
|
1975 |
421 |
176 |
258 |
9 |
|
1976 |
339 |
207 |
366 |
14 |
|
1977 |
717 |
366 |
196 |
15 |
|
1978 |
799 |
349 |
642 |
289 |
|
1979 |
978 |
428 |
646 |
187 |
|
1980 |
N.A. |
470 |
N.A. |
95 |
|
(estimate) |
The distribution of borrowings in 1980 between domestic and foreign will be decided from time to time having regard to the Exchequer's financing needs and the position of the external reserves. The figures given above for foreign borrowing include sales of Government securities denominated in Irish pounds to non-residents.