Irish Exchequer deficit was €7.1bn in first quarter of 2011 - - includes €3.1bn payments to Anglo Irish Bank/ Irish Nationwide
Apr 4th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish Exchequer deficit was €7.1bn in the first quarter of 2011. This compares to a deficit of €3.9bn in the corresponding period in 2010. The deficit includes €3.1bn in Promissory Note payments to Anglo Irish Bank and Irish Nationwide Building Society in March 2011. Absent this amount the shortfall would have been -€3.9bn.