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.
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2018
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2019
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2020
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A1
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Gross General Government Debt (billions)
|
206.2
|
205.1
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196.7
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A2
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Gross General Government Debt % of GDP
|
64.8
|
61.1
|
55.8
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A3
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Gross General Government Debt % of GNI*
|
107.3
|
101.7
|
93.0
|
|
|
|
|
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B1
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EDP debt instrument assets (billions)
|
28.6
|
27.8
|
19.3
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B2
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EDP debt instrument assets % of GDP
|
9.0
|
8.3
|
5.5
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B3
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EDP debt instrument assets % of GNI*
|
14.9
|
13.8
|
9.1
|
|
|
|
|
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C1=A1-B1
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Net General Government Debt (billions)
|
177.6
|
177.3
|
177.4
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C2=A2-B2
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Net General Government Debt % of GDP
|
55.8
|
52.8
|
50.3
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C3=A3-B3
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Net General Government Debt % of GNI*
|
92.4
|
87.9
|
83.9
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