Ireland’s budget deficit for the period between January and the end of September narrowed to €11.1 billion from €20.7 billion compared to the same period in 2011, according to the latest Exchequer returns released by the Department of Finance this evening.
The improvement came about as costs relating to bank recapitalisations in 2011 weren’t repeated, the department said. Tax revenues for the first 9 months, at €26.1 billion, were 1.5 per cent ahead of target.
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