Irish Exchequer deficit at end-September 2011 ex-bank funding issues, down over €3bn compared with 2010
Oct 4th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Department of Finance said today that the Irish Exchequer deficit at end-September 2011 was €20.7bn compared to a deficit of €13.4bn in the first nine months of 2010. The €7.3bn increase in the deficit is mainly due to non-voted capital expenditure banking related payments of €3.1bn in promissory note payments to Anglo Irish Bank, INBS and EBS, and just over €7.5bn in once-off payments relating to July’s recapitalisation of the banking sector. Excluding banking related payments, the Exchequer deficit fell by over €3bn compared to the same period in 2010.