Irish Budget 2012: Interest on national debt to rise to €7.5bn - - almost 20% of tax revenues
Dec 4th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Budget 2012: Tax receipts for the first 11 months of the 2011 were €520m below target according to exchequer returns published on Friday. On Saturday, the Department of Finance published its pre-Budget paper on Estimates of Receipts and Expenditures in 2012 before Budget adjustments. The interest due on the national debt will rise to €7.5bn in 2012 - - almost 20% of tax revenues.