Gross debt of the state to hit €203bn by 2015: NTMA

NEW figures from the National Treasury Management Agency indicate the gross debt of the state will hit €203 billion by the end 2015.

That is the equivalent of 111.4% of GDP and contrasts with a figure of €148.1bn for 2010 which worked out at 96.2% of GDP, the NTMA said.

In 2011, the estimated figure is €173bn which is 110.8% of GDP.