Irish Exchequer deficit was €3.7 billion in first quarter of 2009; Tax revenue down 23%; Pre-Budget deficit at -12¾% of GDP
Apr 2nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish Exchequer deficit was €3.7 billion in the first quarter of 2009 compared to a deficit of €354 million in the same period last year. Tax revenue was down year-on-year by €2.6 billion or 23%. Total expenditure was just over €680 million or 6% above expenditure levels for the same period of last year. Overall pre-Budget General Government Deficit for this year is now estimated to be of the order of -12¾% of GDP.
