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Tuesday January 12, 2010

Ireland's External Debt Decreased To 1.64 Trillion Euro In September

The level of general government foreign borrowing increased by €1 billion to €73 billion between June and September this year and was €22 billion up on the September 2008 level.

At the end of September, the gross external debt of all resident sectors amounted to €1,637 billion according to data from the Central Statistics Office (CSO). This represents a drop of €51 billion 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 (€1,689 billion) at the end of June. The CSO noted that much of this external debt is offset by holdings of foreign financial assets by Irish residents.

Liabilities of monetary financial institutions (credit institutions and money market funds) consisting mostly of loans and debt securities were almost unchanged at €691 billion, a marginal decrease of €85 million on the stock level at the end of June, but down €107 billion on the September 2008 level. This represents 42% of the total debt compared with 41% at end-June.

The level of general government foreign borrowing increased by €1 billion to €73 billion between June and September this year and was €22 billion up on the September 2008 level.

Monetary Authority liabilities decreased by €48bn in the quarter to €56 billion. This was due to decreases in Ireland's end quarter liabilities to the European System of Central Banks (ESCB).

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Tuesday January 12, 2010

Ireland's External Debt Decreased To 1.64 Trillion Euro In September

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