Budget 2014: Savings likely on national debt

Significant savings are likely on national debt interest payments next year, compared to what is written in to the budget sums, according to economists.

20th October, 2013

Significant savings are likely on national debt interest payments next year, compared to what is written in to the budget sums, according to economists and financial commentators. These should give the government some leeway in meeting its budget deficit target for next year.

The Department of Finance estimated in the budget figures that the cost of servicing the national debt would be just under €8.2 billion next year, 7 per cent higher than this year....

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