Covid borrowing raises Ireland's national debt to one of world's largest at €47k per person

Finance Minister Paschal Donohoe said that "major fiscal challenges lie ahead", including a likely fall in corporation tax receipts, an ageing population, and the need to finance the transition. Photo: Gareth Chaney/ Collins Photos

Pandemic borrowing pushed Ireland's national debt to nearly €237bn, up by €33bn.

This is an estimated 106% of national income, or €47,250 for every person in the country, new figures released by the Department of Finance show. That per person figure is one of the largest in the world, the Department said.