Irish government liabilities at €151bn at end of September 2010 - and rising

Posted on Friday, 4 February 2011

Government liabilities are now in excess of €151bn. Below is a chart setting out the scale of Government liabilities as of the end of September 2010.  The table is taken from the Central Bank's Quarterly Financial Accounts for Ireland (Q1-2002 - Q3 2010) published on February 2, 2011. The Irish Government deficit includes capital injections into Anglo Irish Bank, Irish Nationwide Building Society, and EBS of €22.9 billion, €2.7 billion and €0.35 billion respectively, between Q4 2009 and Q3 2010. The remaining Government capital injections into the banking sector will be included in the Q4 2010 accounts. Capital injections into Bank of Ireland and AIB are treated as financial transactions (or investments) in Government accounts and therefore do not impact the deficit.

The Full Central Bank Report can be downloaded below