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Central Banker to present personal debt stats to Oireachtas committee

Statistician Joe McNeill is due to give the Committee on Finance an overview of non-mortgage personal debt in Ireland later today.

Image: Images_of_Money via Creative Commons

A CENTRAL BANK statistician is to discuss non-mortgage personal debt in Ireland with the Committee on Finance, Public Expenditure and Reform this afternoon.

Joe McNeill of the Central Bank is expected to provide situation an overview of the debt to the committee.

The committee chair Alex White TD said that while there has been a lot of focus on mortgage debt problems in Ireland, the level of personal debt is also an issue that needs to be tackled.

The Labour TD says that the evidence presented to the committee today will help to inform the committee’s report on personal and household debt.

“To deal with a situation, it is important to quantify it,” he said. “[At the meeting] we will have a chance to get an in-depth overview of the personal debt situation in Ireland, whether it is in term loans, credit card debt, overdrafts or credit union loans.”

You can follow the committee proceedings live online here (click on Committee Room 4) from 2pm.

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