Economics

Ireland’s public debt rises to €44,000 for every person in the country

Paying to finance the state’s debt will become increasingly expensive in the coming years

Michael McGrath, the Minister for Finance, said Ireland’s debt now poses a significant risk to the public finances. Picture: Rollingnews.ie

The Irish state’s public debt rose to €226 billion at the end of 2022, a new study has found.

The government’s annual report on public debt found this was a significant increase on the €203 billion of debt the state had just prior to the pandemic.

On a per person basis, Ireland has around €44,000 of debt for every man, woman and child in the country, one of the highest per capita debt burdens in ...