Exchequer figures: deficit falls to €14.9 billion

A €5.3 billion reduction in bank recapitalisation payments contributed to a €10 billion reduction in the national deficit, new Exchequer figures show.

3rd January, 2013

The national deficit fell to €14.9 billion in 2012, down from €24.9 billion in 2011, new Exchequer figures show.

The country gained €2.7 billion more in tax and non-tax revenue in 2012 over 2011, according to the figures.

€36.65 billion in tax revenue was collected between January and December of last year, a €2.6 billion increase on the same period in 2011.

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