The National Treasury Management Agency (NTMA) confirmed today the early repayment of a €9bn IMF bailout loan , thus making a saving for the Irish taxpayer of nearly €1bn.
The early payment means a saving of over €150m in interest payments in 2015 and €750m over the lifetime of the loans.
Finance Minister Michael Noonan stated that the national debt “is over €200bn so we need serious people who are not frightened by big balance sheets.”