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Thursday 30 March 2023 Dublin: 8°C

# Budget Deficit

Last year
# inflation crisis
'Situation has deteriorated': Protecting businesses and jobs top priority, says McGrath
Tánaiste Leo Varadkar met 40 business representatives for a pre-budget meeting yesterday.
All time
# Red lines
Ireland's 'fragile' budget faces years back in the red with a no-deal Brexit
The Parliamentary Budget Office issued a stark warning on the impact of a hard Brexit on the public purse.
# hello money
This man should have an extra €2 billion to play with come budget time
The taxes are rollin’ in for Michael Noonan.
# Bailout
Brussels approves latest €1bn loan under Ireland's bailout programme
The European Commission confirms water charges will be in quicker than expected – and calls for tweaks to benefits for the jobless.
# Netherlands
Dutch caretaker PM urges 'responsibility' over economic problems
Despite the fall of the country’s government over budget disagreements yesterday, the Netherlands raised €2 billion at a bond auction today.
Column: Ireland faces a decade of austerity – so let’s not waste it
Economists tell us we’ve got ten years of financial difficulty – so do we want to buckle under, or use this opportunity to reshape Ireland? Aaron McKenna writes.
# Economy
Ireland faces austerity 'for as long as anyone can look forward'
Economist Joe Durkan has warned austerity will not end with the bailout deal in 2015 – and rejected criticisms of the ESRI.
# accounting
Ireland's finances €3.6bn better than thought - due to accounting error
A figure of €3.6 billion passed between State agencies was accidentally counted twice – creating an accounting error equal to 2.3 per cent of GDP.
# Flagpalm
Facebook joke about EU commissioner’s flag gaffe ‘not an official remark’
A comment on the EC’s official Facebook page, saying Gunther Oettinger has “form in the foot in mouth department”, was a joke.
# Flagged
German commissioner insists he doesn’t support ‘half-mast’ idea
Gunther Oettinger says lowering the flags of “default sinners” is an idea already out there – and that he didn’t say he supports it.
# Deficit Sinners
Germany’s EU commissioner wants Irish flag flown at half-mast
Günther Oettinger wants the flags of ‘deficit sinner’ countries – including Ireland – to be at half-mast at all EU institutions.
# Spain
Spain lawmakers agree to deficit amendment talks
Spain’s Parliament is to discuss introducing a “debt brake” – which would stipulate that the country’s deficit could not exceed a certain percentage of GDP.
# Budget Deficit
Budget deficit for first half of the year stands at €10.8bn
While the deficit is in line with the Department of Finance’s estimates, the tax-take for the first six months of 2011 is below the government’s forecast.
# Austerity
While Greece riots, Italy passes €47bn austerity plan
Europe’s financial worries deepen as Italy plans for more austerity measures to balance its budget.
ESRI calls for more cuts and higher taxes to wipe deficit
The economic think tank says Ireland should aim to cut it’s budget deficit within three years in order to return to the markets – and that this should be done through pay cuts, spending cuts and higher taxes.
# pothole ireland
Pothole politics not on the agenda after all...
There’s a deficit of over €4bn in local government coffers which are going to hit basic services if not addressed by next government.
# Breaking
Social Welfare Bill passed
# Exchequer Figures
Ireland's budget deficit not as bad as suspected
Exchequer figures show income tax take is down – but corporation tax receipts were higher than expected in November.
# Reax
What they're saying about Olli Rehn's visit
A round-up of international coverage on EU Commissioner Rehn’s visit to Ireland.
# Olli Rehn
Rehn repeats mantra that Ireland will lose low tax
The European Commissioner repeats his assertion that Ireland will simply have to raise tax rates in order to survive.
# Olli Rehn
EU economics chief arrives for two-day budget talks
Olli Rehn will meet with the Minister for Finance today to discuss the upcoming budget.
# Budget Deficit
Deficit must be tackled quickly, Honohan warns
“Explicit reprogramming of the budgetary profile for the coming years is clearly necessary soon if debt dynamics are to be convincingly convergent.” No, we don’t know what that means either.
In Ireland, Dangers Still Loom
The New York Times on the growing crisis in the Irish economy.
# EU Budget
Member states ask EU to change its accounting rules
Countries say changes to accounting protocols could help cut their budget deficits.