AIB sale will barely dent national debt

The national debt stands at €204.6 billion, or 72.9 per cent of the total output of the economy

7th May, 2017

The near €3 billion to be recouped from the partial sale of the taxpayers’ shareholding in AIB will reduce the national debt by just 1 percentage point.

According to figures sent to the European Union as part of the annual growth and stability programme update last month, the national debt stood at €204.6 billion, or 72.9 per cent of the total output of the economy.

Based on the current valuation of AIB at €11.3 billion, the...

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