This is an increase of €13bn on last year.
The Agency, which is charged with managing the national debt, and borrowing on behalf of the state, released its end of year results this afternoon.
The National Debt GNP ratio has increased from 23% last year to 32% this year.
Separately, the latest figures from the Central Bank show that weakness in residential mortgage lending persisted in November.
The Central Bank says that mortgage lending rose by just €96m in November.
This compares with an average monthly increase of over €850m between January and September of this year.
It also compares with an average monthly increase of almost €2bn at the height of the housing boom in 2006.
The annual rate of increase in residential mortgages slowed to 6.7% last month from 7.6% in October - the lowest annual rate of increase since 1986.
Overall, private sector credit growth slowed to 8.4% in November from a figure of 8.9% the previous month.
The figures from the Central Bank also show that new credit card spending was slightly over €1bn in November, the lowest level since April 2006
