National Debt

Dáil Éireann Debate, Thursday - 18 May 2023

Thursday, 18 May 2023

Questions (207)

Rose Conway-Walsh

Question:

207. Deputy Rose Conway-Walsh asked the Minister for Finance the effect a drawdown from the National Reserve Fund would have on the national debt given that the fund reserve is currently invested in National Treasury Management Agency Exchequer notes; if taking money from the National Reserve Fund would mean a corresponding repayment of the national debt; and if he will make a statement on the matter. [23907/23]

Written answers

Minister for Finance

The NTMA have advised me that at end-April 2023, Ireland’s Gross National Debt stood at €235.9bn.

The National Reserve Fund (NRF) is currently invested in Exchequer Notes. All things being equal, any reduction in NRF holdings of Exchequer Notes would result in a corresponding reduction in Ireland’s Gross National Debt.