NTMA plans for 2022 bond debt

The €10bn to €14bn range would be in line with pre-pandemic levels. Picture: Hollie Adams/Bloomberg

Borrowing by the State could almost halve next year due to the country's improving fiscal position.

Ireland's debt management agency said it plans to issue bonds of between €10bn and €14bn over the course of 2022. This is a significant reduction in the €18.5bn the National Treasury Management Agency (NMTA) issued in bonds this year and the €24bn borrowed in 2020.