Irish Budget 2011: Department of Finance confirms 2010 deficit to be 32% of GDP; Oireachtas costs up 33% since 2004
Dec 5th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Department of Finance on Saturday confirmed that the 2011 budget deficit will fall to 12.2% of gross domestic product (GDP), before Budget Day adjustments, from 32% in 2010 - - a record for the Eurozone and partly related to funding of Anglo Irish Bank. Meanwhile, the costs of running the Houses of the Oireachtas, have increased by 33% compared with 2004.