The Bad PlaceNews Headlines | Irish national debt could reach €250bn by 2030s - NTMA
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Ireland’s national debt, now about €200 billion, could rise to €250 billion by the 2030s, and NTMA chief executive Frank O’Connor told the Oireachtas Public Accounts Committee that such “very high‑level indebtedness” carries significant risk and requires vigilant management. He noted the agency oversaw a €30 billion debt when it was founded 35 years ago and that servicing costs fell to €3.2 billion in 2024 – 60 % below the 2013 peak – thanks to the era of record‑low interest rates, but warned that this cheap‑borrowing window has closed and future rate hikes will raise debt‑service expenses. O’Connor also briefed the committee on a recent €5 million voice‑phishing attack on the NTMA, of which half has been recovered, and confirmed that enhanced controls and a Deloitte‑led forensic review have been implemented to prevent further financial‑crime losses.
Read more: https://www.rte.ie/news/2026/0514/1573230-ireland-ntma-debt/