Deficit and debt problems haven't gone away

Making further progress is going to be difficult without a revival in economic growth, writes Cliff Taylor.

6th January, 2013
Michael Noonan, Minister for Finance: knows the importance of a bank debt deal. Photo: Tony O'Shea

Another year, another set of EU/IMF bailout targets met. The 2012 exchequer figures published last week came in a bit better than expectations, due to a surprise lift in December tax revenues. This appears to have been largely due to two big corporate tax payments.

Of course, all the focus now is on 2013 and the government has a decent chance of again meeting its targets this year if it can deliver on plans to...

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