COMMENT: Tax on target but growth still needed

Today's Exchequer Returns suggest the government will meet its budget targets, that employment is relatively stable, but that the domestic economy remains weak, writes Cliff Taylor.

2nd July, 2013
Cliff Taylor: some pick up in growth will be needed if the budget numbers for 2014 are to contain the kind of room for manoeuvre which the government has been signalling.

Tax revenues are one of the most up to date economic indicators and the latest exchequer figures give a fairly clear picture of the economy.

They suggest that the government will succeed in meeting its budget targets this year, that employment is relatively stable, but that the domestic economy remains weak.

The deficit in the first half of the year at just under €6.6 billion is not far off €3 billion lower than the same...

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