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DÁIL QUESTIONS 2013

Mortgage arrears on a county basis

29/5/2013

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Answered on May 28, 2013
To ask the Minister for Finance if he will release figures or statistics on mortgage arrears on a county basis including incorporating three month arrears, six month arrears and 12 month arrears data.

Reply from Minister Michael Noonan:
The Central Bank commenced the quarterly publication of mortgage and mortgage arrears data from the period ending September 2009.  The most recent available data, which is for the quarter ending December 2012, indicates that 11.9% of PDH mortgages and 18.9% of BTL mortgages were in arrears of more than 90 days.  The full range of published mortgage arrears data is available on the Central Bank’s website, www.centralbank.ie.

However, the Central Bank has advised me that it does not publish a geographical breakdown of its quarterly mortgage arrears statistics.
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Expected Debt to GDP ratio to 2019

29/5/2013

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Answered on May 28, 2013
Deputy John Deasy asked the Minister for Finance the expected debt to GDP ratio for each year of the next five years.

Reply from Minister Michael Noonan: The projected general government debt to GDP ratio for the periods 2012 to 2016 and 2016 to 2019 are available on pages 54 and 49, respectively, of the Irish Stability Programme April 2013 Update. The corresponding data requested by the Deputy relating to the expected debt to GDP ratio for each year for the next five years is listed in the table above.

Source: Department of Finance, NTMA and CSO  

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Projected overall national debt levels

29/5/2013

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Answered on May 28, 2013
Deputy John Deasy asked ask the Minister for Finance the projections for the overall national debt levels here for each of the next ten years; and the estimated amounts of interest to be paid in each of those years.
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Reply from Minister Michael Noonan:
National debt is essentially the debt of the Exchequer and is a subset of general government debt. General government debt is the measure of the total debt of the State used for comparative purposes across the European Union. 

The latest forecasts available going out to 2019, have been published recently in the Stability Programme Update (SPU). The table above restates the forecast for general government debt as contained in the SPU and also contains the forecast nominal amounts for debt and interest.

Source: Department of Finance

Notes: Rounding may affect totals

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Overall current level of debt in Ireland

29/5/2013

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Answered on May 28, 2013
Deputy John Deasy asked the Minister for Finance the overall current level of debt here; and if he will categorise the different debt amounts.

Reply from Minister Michael Noonan: The most recent period for which data is available on the general government debt is the last quarter of 2012. A detailed breakdown of the composition of general government debt and resultant pie chart is available on page 24 of the Irish Stability Programme April 2013 Update. The corresponding data requested by the Deputy is listed in the table above.

Source: Department of Finance, NTMA and CSO 

Note: In February 2013 the promissory note commitment was replaced by a portfolio of government bonds. The effect of this exchange (excluding costs related to the whole transaction) is to replace the promissory note debt with government bond debt, with no immediate effect on the general government debt.

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    Parliamentary Q&A
    Dáil Éireann allocates a certain amount of time on Tuesdays, Wednesdays and Thursdays during which Deputies may ask questions of Members of the Government relating to Public Affairs connected with their Departments, or on matters of administration for whch they are officially responsible. The Taoiseach answers questions on his own Department on Tuesdays/Wednesdays.

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JOHN DEASY TD

  • Constituency Office 35, O'Connell Street, Dungarvan, Co Waterford
  • Phone 058-43003​
  • Email john.deasy@oireachtas.ie

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