Government debt falls below 100% of GDPTuesday 19 January 2016 16.37
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.