GDP growth slashes debt and deficit figures

Higher tax revenues also helped, CSO reports

CSO figures show debt levels dropping Pic: Pixabay

Official figures show that the general government deficit fell last year to 1.8 per cent of gross domestic product, a big improvement from the 3.7 per cent deficit recorded in 2014.

The figures from the Central Statistics Office follow yesterday's shock announcement thatIreland's GDP growth for last year had been revised up to 26.3 per cent. The general government deficit is the measure used by the EU to assess whether countries are adhering ...