Wednesday, 10 July 2019

Ceisteanna (133)

Joan Burton

Ceist:

133. Deputy Joan Burton asked the Minister for Finance the gross and net General Government Debt for 2018; the projected end-of-year amounts for 2019 and 2020; the Exchequer cash and other assets including ISIF cash and non-equity investments and the other cash and assets held by source; the amounts as a percentage of GDP and GNI; if the information will be provided in tabular form; and if he will make a statement on the matter. [30298/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

As previously stated, my Department does not publish GNI forecasts, it does, however, publish forecasts in respect of nominal GDP and GNI*. Gross and net debt as a percentage of each of these variables are set out in the following table..

It should be noted that for 2018, figures are based on finalised CSO outturns for GDP. However, the CSO has not published finalised figures in respect of GNI*, therefore for 2018 projected GNI* as set out in the Stability Programme Update (SPU) 2019 is applied for the purpose of responding to this question. Furthermore, 2019 and 2020 figures are anchored to the official fiscal forecasts set out in the SPU 2019.

Exchequer cash and other assets, Ireland Strategic Investment Fund (ISIF) cash and non-equity investments and other cash and assets held by general government are combined as Excessive Debt Procedure (EDP) debt instruments assets below as the level of granularity of each is unavailable for forecasts.

2018

2019

2020

A1

Gross General Government Debt (billions)

206.2

205.1

196.7

A2

Gross General Government Debt % of GDP

64.8

61.1

55.8

A3

Gross General Government Debt % of GNI*

107.3

101.7

93.0

B1

EDP debt instrument assets (billions)

28.6

27.8

19.3

B2

EDP debt instrument assets % of GDP

9.0

8.3

5.5

B3

EDP debt instrument assets % of GNI*

14.9

13.8

9.1

C1=A1-B1

Net General Government Debt (billions)

177.6

177.3

177.4

C2=A2-B2

Net General Government Debt % of GDP

55.8

52.8

50.3

C3=A3-B3

Net General Government Debt % of GNI*

92.4

87.9

83.9