TABLE 10

TREND IN SERVICE OF NATIONAL DEBT

AS % OF NET CURRENT EXPENDITURE AND

AS % OF OVERALL TAXATION

Service of National Debt

Year

€m

% of Net Current Expenditure (a)

As a % of Tax Revenue (b)

1980

839

17.8

25.2

1981

1,124

18.5

26.7

1982

1,586

21.2

30.8

1983

1,849

21.8

31.1

1984

2,165

24.4

32.1

1985

2,498

25.8

35.3

1986

2,526

24.5

32.6

1987

2,689

25.4

32.6

1988

2,719

26.7

29.2

1989

2,719

26.7

28.8

1990

2,920

27.3

29.1

1991

2,985

25.9

28.1

1992

2,990

24.0

26.4

1993

3,035

22.7

24.6

1994

2,828

19.9

20.6

1995

3,054

20.0

21.2

1996

2,997

18.6

18.9

1997

3,498

19.7

19.3

1998

3,249

17.8

15.9

1999

3,190

16.2

13.5

2000

2,847

13.8

10.5

2001

2,379

9.9

8.5

2002

(c)

2,284

8.7

7.8

2003

(d)

2,714

9.4

8.6

(a)

Current expenditure is measured on a net basis as in Table 4.

(b)

PRSI receipts are not included in Tax Revenue.

(c)

Provisional Outturn.

(d)

Post-Budget Estimate.