Category: debt

While Ireland’s stock of sovereign debt is still high, the risk it presents to the country’s economic future is now low due to a lower interest bill, better government finances and higher credit ratings. This is according to the chief executive of the National Treasury Management Agency.  “I would caution that we are still not […]

New figures from the Central Bank reveal that while household debt continues to decline here, it remains the fifth highest in the EU. The Central Bank’s Household Credit Market Report for 2019 said that household debt stood at €136.9 billion, or €28,186 per person, in the first quarter of 2019. This compares with a level of […]

‘Reduce national debt with any corporate tax windfall’ – Central Bank The Acting Governor of the Central Bank has urged the Minister for Finance to use any unexpected windfall in corporate tax this year to reduce the national debt, which stands at just over €200 billion. In a pre-Budget letter to the Minister published today, […]

Ireland’s national debt reached equivalent of €42,500 per person in 2018 The amount of debt owed by the state rose to the equivalent of €42,500 for every person in the country last year, according to a new report released by the Government. The Annual Report on Public Debt shows that Ireland’s debt mountain stood at […]

EU debt levels up in 2018 but debt-to-GDP ratio down Government debt levels rose in the European Union last year, according to Eurostat, but economic expansion in the region pushed the overall debt-to-GDP ratio down. The countries that use the euro had a combined debt of €9.86 trillion in 2018, up €99 billion (1%) year-on-year. […]

Household debt shrinks to 2003 levels but economic risk remains Even though household and company debt remain high by international standards, they have fallen sharply and may now be in line with the underlying fundamentals of the economy, according to the Department of Finance. Yesterday’s report did warn that in the event of a downturn […]