• Email Us: [email protected]
  • Contact Us: +1 718 618 4351
  • Skip to content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Ireland cuts 2021 deficit forecast to 3.1% of GDP

October 9, 2021 by David Barret Leave a Comment

October 9, 2021

DUBLIN (Reuters) – Ireland on Saturday cut its budget deficit forecast for the year to 3.1% of gross domestic product from a forecast it made three months ago of 5.1% thanks to lower-than-expected spending and strong tax receipts and economic growth.

The government had indicated in recent weeks that it expected to cut its deficit forecast after the state collected 5.8% more tax than expected during the first nine months of the year while spending 3.2% less than forecast.

The deficit will be around 5.9% of modified gross national income (GNI*), which the government sees as a better reflection of the real economy as it strips out distortions caused by the country’s large multinational sector, a government pre-budget paper published on Saturday said.

That was down from an earlier forecast of 9.4% of GNI*.

The government is due to publish its annual budget on Tuesday.

(Reporting by Conor Humphries; Editing by Sandra Maler)

Source Link Ireland cuts 2021 deficit forecast to 3.1% of GDP

Related posts:

  1. Who to blame for Taliban takeover? Former Afghan envoy points finger at Kabul
  2. Canada opposition leader, ahead in polls, comes under attack at debate over childcare policy
  3. PandaDoc, the e-document startup, now valued at $1B as it closes a big Series C
  4. UK’s Johnson: 127 drivers applied for fuel trucker visas

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar


  • Home
  • All Reports
  • About Us
  • Contact Us
  • +1 718 618 4351
  • +91 78878 22626
  • [email protected]
Office Address
Survey No. 51/14 First Floor, Office Number 4, Vishwa Arcade, Near Navale Lawns, Pune, Maharashtra, India 411041

Powered by Prudour Network

Copyrights © 2022 · Medical Market Report. All Rights Reserved.

Go to mobile version