Ireland’s external debt increases to €1.74trn


30 Sep 2010

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Ireland’s external debt has risen to almost €1.8trn, according to a report published today.

The report, published by the Central Statistics Office (CSO), found that the gross external debt of all resident sectors (general government, the monetary authority, financial and non-financial corporations and households) amounts at €1.737bn.

According to the report, this represents an increase €63bn in the stock of financial liabilities to non-residents (other than those arising from issues of Irish equities and derivatives contracts) compared to the level shown at the end of March 2010 (€1.674bn).

Foreign borrowing

General government foreign borrowing decreased by more than €3bn to €80bn between the end of March and end of June 2010, while direct investment liabilities increased by €17bn to €262bn in the quarter ending 30 June 2010, the report states.

Full details of the report are available through this link.

The report follows another CSO publication which found that more than 400,000 Irish people have been on the live registrar for 16 consecutive months.