Note that this is gross debt, while Ireland has about €35bn in cash/equivalents, so it’s actually around €35,600.
Also, looking at GNI*, our national debt ratio is around 60%, which is very good compared to most other countries in Europe.
Electronic-Seat1402 on
It’s down on last year so good job guys
assflange on
Okay great.
MBMD13 on
That’s just great.
Tadhg on
We need to buy some fighter aircraft
stevewithcats on
I’m glad because I thought I owed WAAAAAYY more .
Fluffy-Republic8610 on
What’s 40k per child? My kid has a lot to answer for. Keeeevvviiiiiin get in here!!!
Roger_Hollis on
They can fuck off, I am not paying that.
[deleted] on
[deleted]
EdBarrett12 on
Nice. It’s over double that in the US.
dublinjobuddies on
If we means test families for children’s allowance, give more to these who need it really, then we could pay it back much faster.
Proud-Clock8454 on
This could be an incredibly stupid question but why not use some of the corporate tax take to pay this off? Or is this just like not a real thing so a waste of money?
AllezLesPrimrose on
No shits given
mrlinkwii on
ok and ?
CurrentRecord1 on
Countries use debt to fuel growth, it’s a time tested strategy for economic growth and our debt level is actually not bad at all.
As an example, here are a few countries with extremely low/no national debt (you’ll notice they are not economically strong countries, thats not a coincidence): DR Congo, Turkmenistan, Montserrat, Kuwait
A-Hind-D on
Booms back. Time to finance and chicken fillet roll
The_Peyote_Coyote on
My god there are some outrageous misconceptions about “National Debt” in this comment section.
Lads, it’s not the same as personal debt- you don’t personally owe anyone 40,000 euros 😂😂😂 Indeed, you may in fact be *owed* some of that debt, in an abstract sense anyway.
National debt is just what is accrued when the government runs a deficit- spending more in a given cycle than it’s budget. But this is debt that -for example- is issued in the form of bonds that investors take out due to supreme confidence in the country. It’s debt underwritten by the infrastructure, society, and economic conditions of a country, and it’s debt taken on to finance *appreciating assets*. Again, infrastructure and/or services that provide a net profit to the country.
Don’t know much about this but should we not be trying to clear our debt ASAP?
21stCenturyVole on
What is with the rash of 4-5 bullshit misleading articles like this?
**Individuals do not pay down the National Debt, this statistic is meaningless propaganda!**
Government finances work _nothing_ like personal/business finances – and governments don’t pay down the national debt, they roll them over forever – something no person is able to do…
qwerty_1965 on
You do understand this is less than one year’s average industrial wage (albeit for every person). It’s not actually that big.
RustyBike39 on
who do we owe this to and why don’t we just shoot them?
23 commenti
Not me. I owe 10x that 🥳🥳🥳
This is why they print money.
This is why inflation is so rampant.
Inflate away the debt.
Note that this is gross debt, while Ireland has about €35bn in cash/equivalents, so it’s actually around €35,600.
Also, looking at GNI*, our national debt ratio is around 60%, which is very good compared to most other countries in Europe.
It’s down on last year so good job guys
Okay great.
That’s just great.
We need to buy some fighter aircraft
I’m glad because I thought I owed WAAAAAYY more .
What’s 40k per child? My kid has a lot to answer for. Keeeevvviiiiiin get in here!!!
They can fuck off, I am not paying that.
[deleted]
Nice. It’s over double that in the US.
If we means test families for children’s allowance, give more to these who need it really, then we could pay it back much faster.
This could be an incredibly stupid question but why not use some of the corporate tax take to pay this off? Or is this just like not a real thing so a waste of money?
No shits given
ok and ?
Countries use debt to fuel growth, it’s a time tested strategy for economic growth and our debt level is actually not bad at all.
As an example, here are a few countries with extremely low/no national debt (you’ll notice they are not economically strong countries, thats not a coincidence): DR Congo, Turkmenistan, Montserrat, Kuwait
Booms back. Time to finance and chicken fillet roll
My god there are some outrageous misconceptions about “National Debt” in this comment section.
Lads, it’s not the same as personal debt- you don’t personally owe anyone 40,000 euros 😂😂😂 Indeed, you may in fact be *owed* some of that debt, in an abstract sense anyway.
National debt is just what is accrued when the government runs a deficit- spending more in a given cycle than it’s budget. But this is debt that -for example- is issued in the form of bonds that investors take out due to supreme confidence in the country. It’s debt underwritten by the infrastructure, society, and economic conditions of a country, and it’s debt taken on to finance *appreciating assets*. Again, infrastructure and/or services that provide a net profit to the country.
[https://en.wikipedia.org/wiki/Government_debt#Impacts_of_government_debt](https://en.wikipedia.org/wiki/Government_debt#Impacts_of_government_debt)
Please everyone calm down.
Don’t know much about this but should we not be trying to clear our debt ASAP?
What is with the rash of 4-5 bullshit misleading articles like this?
**Individuals do not pay down the National Debt, this statistic is meaningless propaganda!**
Government finances work _nothing_ like personal/business finances – and governments don’t pay down the national debt, they roll them over forever – something no person is able to do…
You do understand this is less than one year’s average industrial wage (albeit for every person). It’s not actually that big.
who do we owe this to and why don’t we just shoot them?