Gross Government debt rose to €204.7bn by September 2013 - CSO

Friday 17 January 2014 11.28
Gross Government debt rose €12.9 billion in the year to September 2013
Gross Government debt rose €12.9 billion in the year to September 2013

Ireland’s gross Government debt stood at €204.7 billion by the end of the September 2013, representing 124.8% of GDP, according to the Central Statistics Office.

This compares to a figure of €191.8 billion at the same point in 2012, which represented 117.1% of the country's GDP at the time.

The CSO's latest quarterly Government Finance Statistics put the general Government deficit at €2.86 billion between July and September of last year.

This compares to a general Government deficit of €3.05 billion in the third quarter of 2012 and represents 6.8% of the country’s quarterly GDP.

Government revenue in the three months was €13.81 billion - around €150 million lower than in the same period of 2012. 

Expenditure was also down, however, falling €340 million to €16.61 billion.

Meanwhile the general Government's net worth - which is made up of non-financial assets as well as assets less liabilities - fell by more than €4 billion to -€88.6 billion at the end of September 2013.