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Some Good News For Ireland’s F...

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Some Good News For Ireland’s Finances

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12:52 7 Jan 2016


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Ireland is set to balance its budget a year ahead of schedule after a windfall in extra tax receipts in 2015.

The exchequer ran a deficit last year of just €62,000,000, rising to €3.4 billion when one-off factors are taken out.

However the deficit is just 1.5% of GDP - only half the size that the EU had allowed under the bailout deal.

It means Ireland is set to balance its budget in 2017 and not in 2018 as first planned.


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Brendan Howlin Budget Deficit Finance Minister Finances GDP Ireland Michael Noonan Public Expenditure Minister