Dáil Éireann Debate, Wednesday - 26 July 2017
137. Deputy Brendan Howlin asked the Minister for Finance the gross and net debt positions as a percentage of GDP and GNI following the publication of the 2016 national accounts update in July 2017; and if he will make a statement on the matter. [36006/17]
Amharc ar fhreagraAs a result of the recently released National Income and Expenditure (NIE) results the 2016 GDP and GNI have undergone upward revisions compared to the estimates available at the time of compiling the 2017 Stability Programme Update (SPU).
The updated ratios of Gross General Government Debt and Net General Government Debt are presented in the following table. In addition the ratios are expressed as a percentage of the new metric produced by the CSO, so-called GNI*. This latter ratio clearly demonstrates that public debt remains high in Ireland and underlines the need for sensible budgetary policies.
|
- |
2016 |
|
Gross General Government Debt (as a % of GDP) |
72.8 |
|
Net General Government Debt (as a % of GDP) |
63.7 |
|
Gross General Government Debt (as a % of GNI) |
88.1 |
|
Net General Government Debt (as a % of GNI) |
77.0 |
|
Gross General Government Debt (as a % of GNI*) |
106.0 |
|
Net General Government Debt (as a % of GNI*) |
92.8 |
Source: CSO
