TABLE 9

TREND IN NATIONAL DEBT AND GENERAL GOVERNMENT DEBT

National Debt

General Government Debt (a)

Year

€m

% of GNP

€m

% of GDP

1980

10,026

87.0

-

-

1981

12,945

93.2

-

-

1982

14,817

92.9

-

-

1983

18,274

104.8

-

-

1984

21,358

112.8

-

-

1985

23,493

115.6

-

-

1986

27,440

122.2

-

-

1987

30,085

125.0

-

-

1988

31,250

122.7

-

-

1989

31,525

111.9

-

-

1990

31,849

99.0

34,194

94.2

1991

32,223

95.9

36,004

95.6

1992

33,450

94.1

37,041

92.5

1993

36,006

93.3

41,727

96.5

1994

37,111

88.8

42,254

90.9

1995

38,358

82.1

43,655

82.9

1996

37,980

73.7

43,049

74.1

1997

38,967

66.0

43,612

65.0

1998

37,509

55.0

42,556

54.9

1999

39,848

52.1

44,213

49.3

2000

36,511

41.5

40,454

39.3

2001

36,183

37.4

41,993

36.7

(a) ESA 95 basis from 1990

The General Government Debt essentially includes the cumulative gross debt of the local government sector and the non-commercial state sponsored bodies as well as nearly all of the National Debt measured on a gross basis. It excludes Central Government liabilities to institutions classified within the General Government sector; these are included in the National Debt.

It should be noted that the National Debt is calculated net of domestic and foreign liquid assets whereas the General Government Debt is calculated on a gross basis. The debt of the commercial state bodies is excluded from both National Debt and General Government Debt.

The Finance Accounts for each year contains a detailed breakdown of the National Debt.