National debt cash interest and General Government interest expenditure for the years 2012 to 2014 are set out in the following table.
€ million
|
|
2012
|
2013
|
2014**
|
National Debt Cash Interest
|
|
5,679
|
7,316*
|
7,752
|
Interest Expenditure (EDP_D41)
|
|
6,135
|
7,681
|
7,966
|
*Provisional unaudited outturn.
**April 2014 SPU forecasts.
A high level breakdown of interest payable by debt product is currently available for 2012 see the following table.
National Debt Cash Interest €million
|
2012
|
Government Bonds
|
4,075
|
EU/IMF Programme Funding
|
1,369
|
State Savings Schemes
|
284
|
Short Term Debt
|
39
|
Other
|
42
|
Interest Receivable
|
-129
|
Total
|
5,679
|
Rounding may affect totals.
It is the case that cash interest of just under €0.65 billion payable in 2013 on the floating rate bonds issued in 2013 to replace the IBRC Promissory Note was paid to the Central Bank of Ireland (CBI), as the holder of the floating rate bonds.