Investor Presentaiton

Ireland's Debt to GNI* to rise modestly in 2021 Large fiscal response to Covid but Government aims for primary surplus by 2023 2021 GG deficit forecasted at €13.3bn (5.9% of GNI*) but could be smaller 10% Debt position reversed by Covid response Debt fell from 166% to 95% of national income pre-Covid 180% Debt-to-GNI* 160% 5% (106% 2021f; 95% in 2019) 140% 0% 120% -5% Debt-to-GG Revenue (254% 2021f; 232% in 2019) 100% 80% -10% 60% -15% -20% Average interest rate (1.4% 2021f, from 2.2% in 2019) 40% 20% 1995 2000 2005 2010 2015 2020 0% GG Balance (% GNI*) Primary Balance (% GNI*) Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Debt-to-GDP^ (55% 2021f, from 57% in 2019) Source: CSO, Department of Finance forecasts ^ Debt to GDP is not an appropriate metric to use for Ireland 1995 2000 2005 2010 2015 2020 Debt to GNI* -Debt to GDP 5

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