P113 AERTEL 1 113 Wed 23 Feb 08:41:25 1/4 NATIONAL DEBT HIT E237BN IN 2021 ————————————— 22 Feb 2022 21:53 The State took on an additional E33 billion in debt over the two years of the pandemic, according to a new report from the Department of Finance. The national debt stood at E237 billion at the end of last year. This equates to E47,233 for every person in the country and is described in the report as 'one of the highest in the world.' Speaking at the launch of the fifth Annual Report on Public Debt in Ireland 2021, the Minister for Finance Paschal Donohoe said he believes the public finances "can absorb the recent level shift in public borrowing." s TV LISTINGS 182 TRAVEL RTE1 500 Next Weather Sport Headlines
P113 AERTEL 1 113 Wed 23 Feb 08:41:46 2/4 NATIONAL DEBT HIT E237BN IN 2021 ————————————— 22 Feb 2022 21:53 On the question of possible sanctions against Russia, the Minister said this will be discussed at the Ecofin and Eurogroup meeting in Paris on Friday. He said he was getting feedback from companies in Ireland concerned over what form sanctions might take but he said: We have an obligation to respond back proportionately but the cause of this is the actions by Russia. On the national debt, the Minister said that "as the economic recovery gains traction, it will be necessary to slow down, and subsequently stop, adding to our public debt." s TV LISTINGS 182 TRAVEL RTE1 500 Next Weather Sport Headlines
P113 AERTEL 1 113 Wed 23 Feb 08:42:07 3/4 NATIONAL DEBT HIT E237BN IN 2021 ————————————— 22 Feb 2022 21:53 The report shows how Ireland s national debt rose from 95% of GNI* just before the pandemic to 106% of GNI* at the end of last year. The report details how approximately E30 billion was spent on supports during the pandemic. This broke down as E4.5 billion in health, E2.6 billion in business supports, E9.8 billion in income support and E9.1 billion in labour market supports. E4 billion is defined as other spending. s TV LISTINGS 182 TRAVEL RTE1 500 Next Weather Sport Headlines
P113 AERTEL 1 113 Wed 23 Feb 08:42:27 4/4 NATIONAL DEBT HIT E237BN IN 2021 ————————————— 22 Feb 2022 21:53 Ireland s expenditure on pandemic- related supports was approximately four times the EU average as a percentage of national income. However, as the economy continued to grow strongly over the past two years, debt as a percentage of GNI* rose by 12% compared to a euro area average of 15%. s TV LISTINGS 182 TRAVEL RTE1 500 Next Weather Sport Headlines