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Deficit at end of 2012 was €14 billion, €10 billion lower than at the end of 2011.


White Horse

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New figures show that the Exchequer deficit at the end of last year was €14 billion - that's €10 billion lower than at the end of 2011.
Tax revenue was up €2.6 billion on the year before to €36 billion, non-tax revenue was €45m higher.
The Department of Public Expenditure and Reform figures show that spending in Health and Social Protection resulted in aggregate overspends, but this was offest by underspends in other areas.
These figures were better than the government expected.

Exchequer deficit at

Further signs that the government is getting the economy back on track. A reduction of €10 billion in the exchequer deficit.
 


ruserious

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Jan 3, 2011
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New figures show that the Exchequer deficit at the end of last year was €14 billion - that's €10 billion lower than at the end of 2011.
Tax revenue was up €2.6 billion on the year before to €36 billion, non-tax revenue was €45m higher.
The Department of Public Expenditure and Reform figures show that spending in Health and Social Protection resulted in aggregate overspends, but this was offest by underspends in other areas.
These figures were better than the government expected.

Exchequer deficit at

Further signs that the government is getting the economy back on track.
Thou hast failed to point out the less spending on bailing out banks last year than in 2011.
 

Mrwoody

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We are back lets party, anyone got a loan of 15 billion? i want to build a big house.
 

jpc

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All without significantly affecting the terms of employment and conditions of the people that were responsible for a lot of the mess as well!
Result!
 

Fr.Ted Crilly

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Thou hast failed to point out the less spending on bailing out banks last year than in 2011.
And that the interest on the loans for the bankrupt banks will ratchet up in the coming years and sink the country.
Happy new year!
 

hiding behind a poster

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Hmm, grounds for cautious optimism. Watch now as this thread slides inexorably off the p.ie front page.
 

Fr.Ted Crilly

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Tea Party Patriot

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New figures show that the Exchequer deficit at the end of last year was €14 billion - that's €10 billion lower than at the end of 2011.
Tax revenue was up €2.6 billion on the year before to €36 billion, non-tax revenue was €45m higher.
The Department of Public Expenditure and Reform figures show that spending in Health and Social Protection resulted in aggregate overspends, but this was offest by underspends in other areas.
These figures were better than the government expected.

Exchequer deficit at

Further signs that the government is getting the economy back on track. A reduction of €10 billion in the exchequer deficit.
The figure of €10bn is a BS figure because it includes one off expenditure on bailouts. The underlying current spending deficit is the one that people should be concerned about.

It also includes one off revenue from the bandwidth auction this year, an analysis of current spending versus sustainable current income is what is really required. Last year this figure was €100m higher year on year at €9.4bn (2010) versus €9.5bn (2011).
 
Last edited:

Fr.Ted Crilly

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We'll have some chance if Angela feels sorry for us and with one eye on her own failing industrial output, decides to let us spread the bank debt out over the next 50 years or so and that we're allowed to get shut of the anglo promissory notes.
It might happen, it certainly won't be anything to do with FG/Lab if it does.
Who would take these clown seriously over debts when they use what they borrow to keep an inflated PS/CS wage bill and continue to feather their and their cronies nests.
 

sic transit

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Apparently the calculations for this year have already factored in that large chunk of cash currently due in March.
 

hiding behind a poster

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We'll have some chance if Angela feels sorry for us and with one eye on her own failing industrial output, decides to let us spread the bank debt out over the next 50 years or so and that we're allowed to get shut of the anglo promissory notes.
It might happen, it certainly won't be anything to do with FG/Lab if it does.
Who would take these clown seriously over debts when they use what they borrow to keep an inflated PS/CS wage bill and continue to feather their and their cronies nests.
That would be the wage bill that has dropped from €21billion to €17.5billion, you idiot.
 

Tea Party Patriot

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So you see no grounds for cautious optimism in these figures? Why?
These figures are meaningless until an analysis of the current expenditure items contained in them is performed. There are too many one off items year on year to know the real position without breaking them down.
 

hiding behind a poster

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Is it another seismic shift?
Like the 3 or 4 good days shopping over Christmas?
What are you waffling on about now? Look if you're fixated with doom, you're welcome to it. I prefer getting on with life.
 

hiding behind a poster

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These figures are meaningless until an analysis of the current expenditure items contained in them is performed. There are too many one off items year on year to know the real position without breaking them down.
Well tax revenues being up €2.6billion are a good place to start from.
 

White Horse

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These figures are meaningless until an analysis of the current expenditure items contained in them is performed. There are too many one off items year on year to know the real position without breaking them down.
If you look hard enough at everything, you'll eventually find a negative.
 

Fr.Ted Crilly

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That would be the wage bill that has dropped from €21billion to €17.5billion, you idiot.
So from a seriously grossly overpaid PS/CS to a not so grossly overpaid PS/CS.
How many were let go? 30,000?
How much does that cost?
Idiot?
 

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