Cowen says tax revenues may fall to €32 billion in 2009 compared with €47.8 billion in 2007 - - expected deficit rises to €26 billion
Mar 30th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Taoiseach Brian Cowen signalled on Sunday, that tax revenues may fall to €32 billion in 2009, compared with €47.8 billion in 2007 and 2009 public spending of about €58 billion. A deficit of €26 billion this year has to be met with borrowings, spending cuts and tax increases.