Ireland’s public debt rises to one of highest in the world per capita

The report said there are “significant risks” to the public finances, with both immediate and medium-term challenges pressuring the state’s fiscal position, and “clear vulnerabilities” relating to our dependence on corporation tax receipts.The report further underlined the need to manage the national debt in a prudent manner, ensuring public finances are in a strong position to withstand these challenges.

“The war in Ukraine and the associated energy price shock have induced a cost-of-living crisis, placing renewed pressure on the State’s fiscal position. “Nevertheless, the re-financing of our existing debt over the medium-term will most likely lead to increased debt servicing costs, the first call on the public finances.”“The need to finance an ambitious infrastructural plan, as well as shifting demographics and the transition of economic activity to carbon-neutrality, will impose large costs on the public finances,” he said.

But but but the unemployment and all the people from Brazil,China etc who want to immigrate here massage the egos of politicians that Ireland is so great. Most Irish youngsters are emigrating. What a total shite show Ireland has become.

Ff/fg /greens etc etc bankrupting the country AGAIN, WHATS NEW HERE!

The State’s debt stood at €226 billion, up from €203 billion just prior to the pandemic. This is an estimated 86 per cent of national income. (2/4)

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