Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Dublin: 22°C Thursday 11 August 2022
Advertisement

Latest CSO stats show improvement in Government deficit

The General Government Deficit for the second quarter was 6 per cent of GDP.

Image: budget via Shutterstock

THE COUNTRY’s General Government Deficit stood at 6 per cent of of quarterly GDP in the second three months of the year, according to the latest figures from the CSO.

The figures show an improvement on the position for the second three months of 2012, when the corresponding figure was 8.3 per cent of GDP

The deficit figures show the difference between what the Government spends and what it takes in.

Meanwhile, the country’s gross debt (GGDebt) stood at €204.5 billion, or 125.7 per cent of annualised GDP at the end of the second three months of the year.

That compares to a level of €180.2 billion or 110.2 per cent of GDP at end of June 2012.

The debt level for the second quarter of this year represents an increase of €0.4 billion on the previous quarter.

Read: Government deficit grows by €360m in a year >

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

About the author:

Daragh Brophy

Read next:

COMMENTS (25)