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Wednesday 27 September 2023 Dublin: 15°C

# National Debt

This year
Opinion: 'How to spend the country's €65 billion surplus and make people happy'
Dr Mark Henry argues that Ireland’s budget surplus should be invested in the blueprint for national well-being.
Biden 'hopeful' that US national debt deal 'very close'
The deadline for a deal was moved from 1 June to 5 June.
All time
Incomings and outgoings: Here is a very (very) basic guide to the State's finances
How has Covid hit the State coffers so far?
Ireland's national debt: 'We are arguably approaching a very serious crisis'
We need to immediately borrow €50 billion to replace the debt that is due to be repaid in the next few years, writes Colm Fitzgerald.
Aaron McKenna: The opposition has missed the chance to expose the banking show trial
This ‘inquiry’ has no credibility whatsoever and a decent opposition would have resigned en masse in protest.
Opinion: Is austerity really a necessity – or do we have a choice?
We’ve been told that we have no choice but to accept austerity measures to get the country back on its feet… but is that really true?
Markets wobble as US debt talks falter
Fitch has placed the US credit rating on a Negative Watch, as the stock market fell today.
NTMA launches State Savings products
The National Treasury Management Agency has announced new issues of fixed rate State Savings products as well as changes to the interest rates on variable rate products.
Column: Irish politics won't change until people demand accountability from leaders
A system of direct democracy would give people a more transparent form of government, writes Raymond Whitehead.
NTMA in talks with investors on selling new 10-year bonds
The body in charge of Ireland’s borrowing says it’s looking at trying to sell Ireland’s first 10-year bond since 2010.
Prize Bond prizes to fall as cost of borrowing goes down
The NTMA, which issues prize bonds, has lowered the rate it uses to calculate the overall number of prizes on offer.
NTMA chief: It's looking good for 'sustainable' re-entry to markets
However, John Corrigan does warn that “wider uncertainties” in the eurozone could be risk factor to Ireland’s progress.
Cannabis, beer and T-bills: the week in stats
How high is Europe’s tallest building? And how many cannabis plants were seized by gardaí last year?
New social charge helps push income tax earnings up by a quarter
Exchequer figures show we’re collectively paying 25 per cent more in income tax since last year.
Column: ‘Won’t somebody think of the children?’ Ireland in the 2050s
Worrying about the debt burden on our grandchildren has become a national pastime – but should we be panicking? Economist Ronan Lyons explains.
Bond yields dive, and Euro up, as markets embrace Brussels deal
The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.
European Commission slams "incomprehensible" Moody's downgrade
Jose Manuel Barroso’s spokesman says the Commission can’t understand why Moody’s is taking such a dim view.
Irish bond prices rocket - again - on 'junk' downgrade
If Ireland borrowed for two years, it would have to pay 18.6 per cent interest – 14 times what Germany would.
Second Greek bailout "roughly equal" to earlier €110bn package, says PM
Greek Prime Minister Papandreou has dismissed calls to default on national debt.
Noonan: Ireland has enough cash to get to mid-2013 at least
The Minister for Finance insists Ireland has enough bailout funds to get to mid-2013 at worst – but the opposition isn’t sure.
Call to revoke David Drumm's US visa
Tanaiste Eamon Gilmore to hear appeal that the government ask US authorities for help in bringing former CEO of Anglo Irish Bank back to Ireland for questioning.
"So far so good" for exchequer figures, Noonan says
The Minister for Finance says figures being published today will show the economy as being “better than on track”.
Greek authorities launch investigation into Citigroup email on debt
Email suggested Greece could be forced to restructure its debt as quickly as this weekend.
Bond prices surge again after Portuguese budget defeat
The costs of borrowing for both Ireland and Portugal take a battering in the aftermath of the latter’s prime minister quitting.
AIB says payment ‘will be made’ following rumours of default on bond interest repayments
AIB insisted that “payment will be made” after a rumour that Ireland has missed a scheduled interest payment on its bonds sent the price of short-term borrowing spiralling earlier today.
In numbers: Brian Cowen's tenure as Taoiseach
As one administration takes power, another steps down – so here’s some condensed figures on the Brian Cowen era.
Irish bonds break all-time high – just after coalition deal is published
The price of government borrowing was higher yesterday than it was when we accepted the €67.5bn bailout in November.
Bond fund suggests reducing Greek debt burden
Ireland should take note of major bond fund chief’s suggestions for Greece…
Ireland 'could return to bond markets' this year
The NTMA says it hopes it can bypass Ireland’s bailout funds – as the cost of serving our debt eats up 15% of the tax take.
ECB bought €2.7bn of bonds last week alone
So much for winding down the controversial bond-buying scheme… Frankfurt may have been the only buyer last week.
Govt chief whip says bailout deal has to be approved in Brussels
Curran also dismissed Pat Rabbitte’s allegations that the pension reserve fund was used as collateral for banks trading on derivatives.
Bailout fears take their toll: Ireland's bonds hit 9%
Fears over the future of Ireland’s economy, and whether a bailout can be secured, sends borrowing costs to new highs.
Bond markets unmoved by €6bn budget package
The cost of Irish borrowing remains largely flat in spite of the government’s Budget announcements.
Irish-German bond spread surges past 5%
The price of government borrowing for Ireland is now over three times higher than it is for Germany.
7.4% - investors fall away as government default fears continue
Up, and up, and up…
Insuring against Irish default costs more now than ever before
Bad sign: purchasing insurance against an Irish bond default is more expensive today than it has ever been.
Ireland has "a month to stop bailout" - UCD economist
First Colm McCarthy, now Karl Whelan says the movements in bond markets leave Ireland on the brink of default.
Borrowing costs continue upward spiral amid IMF fears
The cost of borrowing for Ireland goes over 7% again, as investors buy into Colm McCarthy’s fears of an IMF bailout.