Interest payments on Irish national debt to rise from 3.8% of tax revenue in 2008 to at least 20% by 2013; Pension fund loses 6.7% in Q1 2009 after loss of -30.4% in 2008
Apr 9th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Interest payments on the Irish national debt will rise from 3.8 per cent of tax revenue in 2008 to at least 20 per cent by 2013. The National Pension Reserve Fund’s value at 31 March 2009 was €15.5 billion - - down 6.7% in the quarter, following a loss of -30.4% in 2008.