Richard Boyd Barrett
Ceist:178. Deputy Richard Boyd Barrett asked the Minister for Finance the amount of interest paid in 2017 that was contracted since 2008. [36322/17]
Amharc ar fhreagraWednesday, 26 July 2017
Ceisteanna (178)
Freagraí scríofa
I am informed by the National Treasury Management Agency that it has paid net cash interest in the amount of €3.6 billion in respect of Ireland’s National Debt for the six-month period (January to end-June 2017)*. This figure includes net interest paid on long-term debt, other medium/long term debt, short-term debt, EU/IMF Programme Loans and State Savings products. While the vast majority of interest paid refers to debt contracted since 2008, it is difficult to disaggregate this interest amount into interest contracted since 2008, due to complexities in the portfolio. Examples of these complexities include (i) certain State Savings products allow additions, reinvestments and withdrawals before maturity and (ii) bonds can be auctioned or cancelled from any series regardless of original issue date.
*This 2017 figure is provisional and unaudited at this point.