This is a beta created by a pin user. Development began early June. The inputs that these figures are derived from will cause some debate so we decided to get it up sooner rather than later so as that debate could happen please treat it as a beta and we will develop it accordingly to hopefully reflect the true nature of Ireland spiraling debt, its the new bubble kids
You have the Net National Debt, which is gross debt less lquid resources available to redeem the debt. That is the figure used in the clock. They way it is calculated is to take the opening balance of 50.4B (here ntma.ie/IrishEconomy/publicFinances.php) to work out the debt at the end of the year and increment between the two.
Alternatively, there is a standard european definition, General Government Debt, which is higher as it does not allow the netting of liquid resources, so think it is a bit unrealistic.
The NTMA put the national debt at ā¬65.3B which is 5B more that you would expect (and the click shows) at the end June 2009 but dont really provide clarity about what this comprises - ie is it timing differences in tax, money raised for the banks etc etc. Any clarity would be welcome.
The debt per worker is the debt per employee based on the employed numbers oer the quarterly household survey. (cso.ie/releasespublications/ ā¦ t/qnhs.pdf). For clarity it is per working person and not the labour force. It does increment, just far more slowly as the movement is 2millionths of the total number.
The live register is based on the June number adding 13k per month.
The national debt figure is available for all to see on the home page: ntma.ie/home.php
However I like this idea of an online ticker; whether itās morbid or a reality check Iām not sure yet
Wonder what brave soul will request planning permission for an American-style debt clock right in the middle of OāConnell Street? Or would Kildare street be better?
