Thanks, that's what I was looking for. I knew it was basically due to the IFSC etc but those numbers are staggering.AFAIK external debt is the debt of everyone in the State (public and private) held by a party outside the State.
Looking at the CSO it's mostly banks and other financial firms that make up the numbers
What's more important is when the debt is due, not it's composition. The Oireachtas' Parliamentary Budget Office tells all https://data.oireachtas.ie/ie/oirea...1-18_post-budget-2023-debt-infographic_en.pdfOur Government debt to GPD Ratio is 51%. That's good.
Our external debt to GDP ratio is 680%.
Can someone point me to data showing what that debt it comprised of?
I'm not talking about Government debt, I know that is relatively under control. My question was about external debt. It seems it is a function of the IFSC and MNC's that are here. At 680% of GDP it's high but Luxembourg's is nearly 5000%.What's more important is when the debt is due, not it's composition. The Oireachtas' Parliamentary Budget Office tells all https://data.oireachtas.ie/ie/oirea...1-18_post-budget-2023-debt-infographic_en.pdf
Exactly.Does External Debt not include all private sector external debt? If so, would the activities of the big multinationals not impact on this (tax based in Ireland but "owing" money to their US headquarters) ?
"Don't confuse public debt with gross external debt. That's the amount owed to foreign investors by both the government and the private sector. Public debt impacts external debt, but they are not one and the same" https://www.thebalancemoney.com/what-is-the-public-debt-3306294