asked the Minister for Finance the amount of (a) foreign and (b) national loans due to be repaid in each of the next ten years.
Written Answers. - Foreign and National Loans.
315.
On the basis of the debt outstanding on 10 February 1983 the amount of (a) foreign and (b) national loans due to be repaid in each of the next ten years, including repayments already made in 1983, are estimated to be as follows:
|
Year |
Foreign Loans IR£M. |
National Loans IR£M. |
|
1983 |
330 |
790 |
|
1984 |
557 |
634 |
|
1985 |
317 |
702 |
|
1986 |
638 |
459 |
|
1987 |
611 |
246 |
|
1988 |
777 |
150 |
|
1989 |
716 |
142 |
|
1990 |
347 |
278 |
|
1991 |
438 |
69 |
|
1992 |
297 |
221 |
The figures for foreign loan repayments are based on exchange rates obtaining on 10 February 1983. The figures for national loans exclude very short-term liabilities such as Exchequer bills which are being constantly rolled over and small savings.
316.
asked the Minister for Finance (a) the amount borrowed each year, both in foreign and national loans, from 1977 to date; (b) the amount spent on capital expenditure; (c) the amount spent on other matters each year from that money; and (d) the money borrowed each year as a percentage of gross national income from 1977 to 1983.
The information requested by the Deputy regarding Exchequer borrowing is as follows:
|
Year |
Amount Borrowed |
Borrowing for Capital Expenditure |
Borrowing for Non-Capital Expenditure |
Borrowing as a Percentage of GNP |
|
|
Foreign |
Domestic |
||||
|
£m |
£m |
£m |
£m |
||
|
1977 |
86 |
459 |
344 |
201 |
10.1% |
|
1978 |
23 |
787 |
413 |
397 |
12.8% |
|
1979 |
509 |
500 |
487 |
522 |
13.8% |
|
1980 |
566 |
651 |
670 |
547 |
14.3% |
|
1981 |
1,285 |
437 |
920 |
802 |
17.1% |
|
1982 |
1,148 |
797 |
957 |
988 |
16.5% |
|
1983 |
Total Exchequer £1,722 * |
825 |
897 |
13% |
|
|
(Budget Estimate) |
*The breakdown of estimated borrowings in 1983 as between foreign and domestic borrowing is not available. The amount of foreign borrowing will be decided from time to time during the year having regard to the Exchequer's financing needs, sales of domestic securities, inflows from small savings schemes, the position of the external reserves and the availability of foreign funds.
The figures for borrowing in foreign loans do not include sales of Government gilt edged stock to non-residents.