At 30 June 2007, the gross external debt of all resident sectors (i.e. general government, the monetary authority, financial and non-financial corporations and households) amounted to €1,363bn. This represents an increase of almost €68bn on the level shown at the end of the previous quarter and reflects a continuing upward trend in the level of external debt liabilities over the eight quarters shown – see Table 1.
It should be noted, however, that much of this external debt is offset by holdings of foreign financial assets by Irish residents.
Other points of note in the end-June 2007 results are:
- The liabilities – mostly loans – of monetary financial institutions (i.e. credit institutions and money market funds) amounted to €765bn. This was €41bn up on the end-March stock level and represents 56% of the total debt, approximately the same share as at end March.
- The liabilities of other sectors increased by almost €18bn from the end-March position and at €399bn represented 29% of the overall debt for the end-June quarter, a similar percentage to the previous quarter.
- Direct investment debt liabilities of €170bn showed a small increase of just over €1 billion from the level shown for end-March (€169bn).
- There was a small negative balance of €264m for Loans and Deposits of Monetary Authorities at end-June though this has significantly reduced compared to the negative balance of €6,218m shown at end-March. This movement largely represents changes to Ireland’s end quarter position within the TARGET settlement system of the European System of Central Banks. >>>>
Ireland’s External Debt reaches €1.36 trillion at end-June
cso.ie/releasespublications/doc…l_Debt_30_June0 [adobe acrobat required]
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