Irish Debt Figures
Irish Government figures
End of 2011 – government debt €170 bn
€85.3 bn in government bonds
€35.7 from EU/IMF deal
€28.3 bn Anglo and Irish Nationwide Promissory note
€14.1 bn in state savings in Post Office etc
€5.9 bn other debt
The total EU/IMF Bailout is €67.5 billion
€45 bn from European Financial Stability Fund and loans from Sweden
Britain and Denmark
€22.5 bn from IMF
A further €32 bn will come from EU/IMF by 2013.
Average interest at that point is 4.8%
Overall debt by 2013 year-end will be €202 bn about a debt to GDP ratio of 117%
Government deficit will be 5% in 2013 and 2.9% in 2015.
This is after another €8.7 bn in cuts and tax increases. Growth rate
projections are 1% in 2012 and 1.7% in 2013.
In 2011 15% of tax receipts went to pay interest, by 2015 this will be 20%