1980 Foreign Debt Interest and Repayments

Summary

The Minister estimated 1980 foreign-debt interest payments at £164 million and capital repayments at £83 million.

Barry Desmond Mr. B. Desmond Labour Party

asked the Minister for Finance the revised up-dated figure of the cost of interest payments on foreign debt for the year ending 1980 and the capital repayments for the year ending 1980.

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Michael O'Kennedy Mr. O'Kennedy Fianna Fáil

: The estimated cost of foreign interest payments in 1980 is now £164 million using current exchange rates and based on foreign debt outstanding on 30 September 1980. The figure for capital repayments in 1980 is now £83 million.

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