Governor of the Central Bank Gabriel Makhlouf will tell the Dáil's Special Committee on Covid-19 Response today that the rise in Government debt is "warranted, necessary and affordable".
He will also tell the committee that the productive capacity of the economy needs to be supported to prevent long-term unemployment.
Mr Makhlouf is due before the Covid-19 committee to brief members on the overall fiscal and monetary position of the economy.
The committee will also hear from Frank O'Connor, the Director of Funding and Debt Management at the National Treasury Management Agency.