Central Bank reveals rise in Government debt as household debt falls


Government debt increased by €13.8 billion in the first quarter of the year to €237 billion, according to the Central Bank.

Its latest bulletin for the three months to the end of March reflects the early stages of the Covid-19 pandemic.

Meanwhile, household debt fell by more than €2 billion to €133 billion and is over a third lower, or €70.1 billion, than at its peak in 2008.

It equates to €26,979 of debt for every person in the State. 

Household debt as a proportion of disposable income fell by 3% to stand at 111% and was driven by an increase in household disposable income over the quarter, in addition to the decrease in debt.

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