The first year-on-year decline in our interest bill since 2008...
The National Treasury Management Agency (NTMA) has announced that the interest the State owes on Ireland's debt dropped below the €7bn mark in 2015.
The early repayment of the country's IMF loans contributed significantly to the reduction, the agency said.
With our interest bill having come in at €7.5bn in 2014, it marks the first year-on-year decline in debt interest we have enjoyed since 2008.
Ireland's debt pile stands at over €200bn.
NTMA chief executive Conor O'Kelly warned that "we do faces challenges" as the agency launched its annual report.
"Firstly, the supportive environment provided by the ECB's quantitative easing programme should not be underestimated.
"Secondly, as so have said before, our debt is over €200bn and the UK referendum outcome is a reminder that Ireland is not immune to domestic or external shocks."
Reacting to the CSO's much-criticised 2015 GDP figure of 26.3% also announced this week, O'Kelly said that it was a "bit of a surprise" but added that investors understood the nature of the economy.