Gross government debt declines by nearly €5bn

The data also showed that general government revenue for this period stood at €28.8bn which is €1.3bn higher than the same time in 2023

Public Expenditure Minister Paschal Donohoe with Finance Minister Jack Chambers. Last week, the Government unveiled the summer economic statement which outlined a spending and tax package of €8.3bn for the budget later this year.

General Government debt decreased during the first three months of the year by nearly €5bn to €215.8bn, new data from the Central Statistics Office (CSO) shows.

According to new Government finance statistics, the reduction was made almost entirely by the movement in long-term securities, with just over €4bn of Irish Government bonds redeemed between January and March.