Government's debt accounting mistake flagged last year

Update: NTMA says it raised double counting issue with the Department of Finance last year

1st November, 2011
Michael Noonan, Minister for Finance

Ireland's government debt will fall by €3.6 billion, after it was discovered that an accounting an error by the Department of Finance had overstated general government debt for 2010, according to a report by Bloomberg News.

However, the National Treasury Management Agency (NTMA) said it raised the issue of potential double counting of some government debt with the Department of Finance last year.

In a comment cited in a Bloomberg News report, an NTMA spokesman said...

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