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Government debt rose by €11 billion

Irish government debt rose by over €11 billion in the first quarter of the year. New figures...
Newstalk
Newstalk

12.27 18 Jul 2013


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Government debt rose by €11 bi...

Government debt rose by €11 billion

Newstalk
Newstalk

12.27 18 Jul 2013


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Irish government debt rose by over €11 billion in the first quarter of the year.

New figures released by the Central Statistics Office this morning show the gross debt now stands at €204 billion - compared to €192 billion in the fourth quarter of 2012.

They also show the government deficit is €360 million higher than it was at the same point last year. It now stands at €5.38 billion.

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The CSO says that's because of interest expenditure - as well as payments linked to liquidation of the former Anglo Irish Bank.

Government deficit at 13.8% of quarterly GDP in Q1 2013

 


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