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Friday 27 January 2023 Dublin: 2°C
Sasko Lazarov/Photcall Ireland
# Finance
39 per cent jump in Government-issued debt in the last year
The liquidation of IBRC led to a rise in the twelve months between June 2012 and June 2013.

LONG-TERM GOVERNMENT-issued debt swelled to €115.6 billion in June, a rise on 39 per cent on the same month last year.

Figures released today by the Central Bank show of the €21.4 billion in long-term debt the country is due to pay back in the next three years, €13.2 billion will go to non-resident investors.

In the main, the rise in Government-issued debt is caused by the liquidation of IBRC earlier this year, when the promissory note was replaced by longer-term government bonds. This deal also increased the burden of long-term debt on resident Irish investors.

Resident investors held 45 per cent of the Government’s long-term debt, a jump of 18 per cent on last year.

There was drop of 3 per cent in the amount of debt issued by Irish financial firms and Government, with that figure down to €905.7 billion.

The figures also show that the National Assets Management Agency raised €500 million in short-term debt sales in June.

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