Foreign debt repayment schedule
The Minister outlined foreign debt repayments for 1979–82, said they must be met, and noted rescheduling had reduced payments by over £50 million in 1979, about £45 million in 1980 and nearly £80 million in 1981. Sterling’s effect depends on the currency of each debt.
asked the Minister for Finance the current schedule for repayment of foreign borrowing debt repayments for 1979, 1980, 1981 and 1982.
Comment on this
The repayments in respect of the Exchequer foreign debt outstanding on 30 September 1978, based on current exchange rates are:
Comment on this
Would the Minister envisage that schedule being met say, next year and the year after?
Comment on this
Is there any rough estimate of a percentage between what is internal and what is external?
Comment on this
It is all in respect of foreign debt. It is very likely that in dealing with it we will reschedule it. We have been engaged in some rescheduling of debt and this has resulted in reducing our repayment by more than £50 million in 1979. It will be reduced by about £45 million in 1980 and by almost £80 million in 1981. If there are favourable opportunities available in connection with the rescheduling of those debts I have mentioned I will take advantage of that to continue this kind of rescheduling operation.