Every man, woman and child in the country owes €44,000 each as part of the national debt, making Irish people among the most indebted in the world.
Finance Minister Michael McGrath revealed on Friday morning that the national debt has actually gone up by more than 10% since just before the pandemic started three years ago, from €203billion to €226billion, leaving every citizen owing a portion worth almost €50,000.
This is an estimated 86 per cent of national income.
