I can do better than ballpark:
[broken link removed]
National debt at end of 1997: 39 bn
Lowest point of national debt during FF gov end 2006: 36 bn
National debt at end of 2008: 50 bn
(Not counting some 22 bn of commercial paper and some 4 bn of other short-term debt all due this year - personally, I would call the national debt 76 bn, even though 20 bn of it is unspent as this is what eurostat does...)
The government put in, I believe 16 bn into the NPRF, so even discounting the short-term debt issuance, the government have, net, 5 bn to show for the twelve years they've been in office.
Yes, Ms. Coughlan, the state's finances are under control...
What about the (in the not so distant past) occasions when we had a budget surplus?
I can do better than ballpark:
[broken link removed]
National debt at end of 1997: 39 bn
Lowest point of national debt during FF gov end 2006: 36 bn
National debt at end of 2008: 50 bn
(Not counting some 22 bn of commercial paper and some 4 bn of other short-term debt all due this year - personally, I would call the national debt 76 bn, even though 20 bn of it is unspent as this is what eurostat does...)
The government put in, I believe 16 bn into the NPRF, so even discounting the short-term debt issuance, the government have, net, 5 bn to show for the twelve years they've been in office.
Yes, Ms. Coughlan, the state's finances are under control...
The level of the debt did bubble up and down, so some surpluses were used to reduce the debt temporarily.
But the surpluses were not as large as they might have seemed. There were very large current budget surpluses in some years (we're talking billions), but they were generally used to increase public sector wages.
Fixed your post for you
I'm lost now - so the debt is less or it isnt? Stats eh?
Stats:
1990: National Debt was €31,849m (87.7% of GDP)
2006: National Debt was €35,917 (20.4% of GDP)
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