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Irelands national debt could reach €250 billion by the 2030s, warns the head of the National Treasury Management Agency. Currently at €200 billion, its up from €30 billion in the 1980s. Despite a larger population and economy, the debt level remains high. Servicing it cost €3.2 billion this year, down from €8 billion in 2013. The agency secured low-interest loans during quantitative easing and borrowed early to beat rising costs. However, cheap deals are fading as old loans mature and are replaced with pricier ones. The agency also revealed theyve recovered half of the €5 million lost in last years phishing scam. As debt pressures build, these financial lessons become crucial for keeping Irelands finances in check.

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