The Department of Finance has revised down its 2011 underlying budget deficit to 9 per cent of gross domestic product, it said in a statement today.
The deficit figure was lower than the 10.6 percent target set under the EU/IMF bailout program and a 9.4 per cent figure published in April by the department.
While today’s revision was mainly due to more up-to-date information from various general government agencies and bodies, a 9 per cent deficit “is not...
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