Projected national debt

Summary

The national debt was expected to reach about £5,000 million by the end of 1978, but future levels depend on budgetary policy and were not projected.

John Bruton Mr. Bruton Fine Gael

andMr. P. Barry asked the Minister for Finance if he has made any projection of the intended level of national debt in 1979, 1980 and 1981.

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Pearse Wyse Mr. Wyse Fianna Fáil

The level of the national debt at the end of 1978 is expected to be of the order of £5,000 million. Its level in future years will depend on budgetary policy in these years as determined by the Government and it would be premature to provide such projections at this stage.

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