tag:blogger.com,1999:blog-2826531655042170344.post69541297763476165..comments2024-03-26T11:29:52.986+00:00Comments on Economic Incentives: National Debt Interest: What do we spend €7.5 billion on?Seamushttp://www.blogger.com/profile/15679299530222667673noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2826531655042170344.post-44971479644323920102015-02-24T18:00:41.222+00:002015-02-24T18:00:41.222+00:00Hi Seamus, thanks for the informative post, just a...Hi Seamus, thanks for the informative post, just a couple of minor points on the National Debt table.<br /><br />The figures in bold don’t quite add up to €197,060 million, and the reason is the €530 million EFSF prepaid margin. This has yet to be received by the exchequer, so while it is listed in the Maturity Profile, the actual balance for the National Debt is €17,881 million. See the footnote on the Debt Profile page:<br /><br />https://www.ntma.ie/business-areas/funding-and-debt-management/debt-profile/<br /><br />In the assets section, the €3,656 million is comprised of HFA Guaranteed Notes and CSA Collateral Funding (rather than Non-Irish Treasury Bills, which are included in the €7,014 million figure). The breakdown of assets is shown in the Funding of Exchequer Balance:<br /><br />https://www.ntma.ie/news/funding-of-exchequer-balance-january-2015/<br /><br />Cheers,<br />-Kevin (not HT Kevin!)Kevin Timoneyhttps://www.blogger.com/profile/04859316853752963504noreply@blogger.com