Government debt falls below 100% of GDP

Tuesday 19 January 2016 16.37
The ratio of Irish government debt to GDP peaked at 125% in 2013
The ratio of Irish government debt to GDP peaked at 125% in 2013

Ireland's Government debt ratio has fallen below 100% of GDP, new figures show today.

The latest National Accounts figures from the Central Statistics Office show the General Government Debt to GDP ratio was 99.7% at the end of September.

It was 102% at the end of June.  

The debt ratio peaked at just over 125% of GDP in June 2013.  

Strong economic growth, the liquidation of IBRC and a statistical revision all contributed to the falling debt ratio.

The debt ratio is a key measure of the underlying health of a country's public finances that is closely watched by the sovereign bond market.

In money terms, the general government debt is now €204.2 billion, down from the peak of €218.7 billion.