Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Saturday 10 June 2023 Dublin: 17°C

# Deficit

Last year
# Exchequer Returns
State's deficit drops by over €6 billion following conclusion of Covid-19 measures
An Exchequer deficit of €1.1 billion was recorded at the end of April, compared with a deficit of €7.6 billion in the same period last year.
All time
# Exchequer Returns
Paschal Donohoe defends Ireland's corporation tax rate after US treasury secretary's remarks
Ireland’s budget deficit increased by nearly €4.2 billion in the first quarter of 2021.
# no cash in the static
RTÉ lost €20m last year covering 'onerous' events like the Olympics and 1916 commemorations
The public broadcaster said it was a ‘challenging’ financial period.
# Collection Plate
The Vatican has cut its deficit by over €13 million
The financial disclosure for 2016 is expected in July.
# Your Say
Poll: Should people with a free travel pass have to pay a small charge for it?
The suggestion has been made by Cork Fine Gael TD Jim Daly as a means of preserving rural bus services.
# Deficit
Real Madrid will need to come from behind in next week's second-leg meeting with Juventus
The holders were beaten tonight in Turin.
# Exchequer Returns
The difference between now and this time last year? About €2 billion
Ticking along nicely.
# Tax Take
Tax revenue is €550 million ahead of target - which means we'll (probably) get an easier budget
No wonder he looks so happy.
# inbox me
The Briefcase: good numbers, burnt bondholders, and the ghosts of Irish banking
This was the week in business.
# It Gets Better
Government deficit drops to 5.6% of GDP
That’s down from 7.9% this time last year.
# Back in the black
Economy set to grow 3.3% this year (and we won't be getting that harsh budget after all)
Merrion Stockbrokers is bullish on the economy, and says that an adjustment of only €1 billion is needed in Budget 2015.
# Steady as She Grows
Here's why the OECD thinks we need to cut €2 billion in the budget
The head of the Irish desk says our credibility is on the line.
# not as fun as it sounds
What Constitutional ban has the Opposition 'neutered to the point of comedy'?
Deputies Pearse Doherty and Stephen Donnelly have argued that a section of the Irish Constitution needs to be changed.
# bond treasury bond
Ireland's bond yields are almost as good as Belgium's, so we're moving the right way - NTMA
NTMA CEO John Corrigan also says that over 70 per cent of Ireland’s funding for 2014 has already been raised.
# Health
HSE projects year-end deficit of €105m
The HSE made the projection in its August 2013 report, published today.
Latest CSO stats show improvement in Government deficit
The General Government Deficit for the second quarter was 6 per cent of GDP.
Budget deficit for 2012 still inside Troika target despite revisions
Initial estimates for April were revised, after it became clear that revenue from mobile phone licences should be filed under this year’s figures.
Hole in Health budget less than €200 million, says Reilly
The Minister for Health James Reilly said the health budget does not have a deficit of €500 million as reported widely today.
# Tax
Government expects to collect an extra €2.3bn in tax next year
This is according to figures that give an overview of our finances before any of the budget changes are announced on Tuesday.
# crisps with notions
Budget 2014: What could be this year's Wine Tax Factor?
Yes, the distracting levies that put the WTF in the Budget announcement.
# Savings
Burton: 'Welfare savings is one of the reasons we could reduce Budget adjustment'
A reduction in the Live Register has produced €150 million in welfare savings.
# Economy
Noonan wants Budget to give “markets confidence”
With the country required to cut the national deficit to 5.1 per cent of GDP, Michael Noonan says that it is “important to be beat that target”.
# Budget 2014
Tánaiste: Budget cut of €3.1 billion not necessary to meet deficit targets
Eamon Gilmore has set out his stall ahead of Budget negotiations.
# Recovery
OECD: Irish economy recovering but government must stick to targets
In a report today, the body said that out debt-to-GDP ratio is set to peak this year and decline thereafter.
# Austerity
Gilmore: No need to do more than necessary to meet deficit target
The Tánaiste said that it is important not to put the country’s recovery at risk.
# Deficit
Government deficit grows by €360m in a year
The increase in the government’s deficit comes despite an increase in revenue.
Aaron McKenna: Money, Money, Must Be Funny In A Eurocrat's World
Bailed-out Ireland is to contribute an additional €90 million to the European Union to help plug a shortfall in its 2013 budget. Ludicrous? Yes – but it’s hardly a blip on the radar of incongruity that is the EU’s funny money parade, writes Aaron McKenna.
# need to know
The Evening Fix… now with added dogs comforting people
Here are the things we learned, loved and shared today…
# Exchequer Returns
Exchequer returns show slight fall in tax take for February
The total tax take in February 2013 was €2.042 billion – down by €186 million on the same month from last year.
# United States
$85 billion in budget cuts come into force in US
Meetings between President Obama and top congressional leaders broke down yesterday as they failed to reach a deal on how to reduce the deficit.
# Promissory Note
Rehn: Budget 2014 should not be eased after promissory note savings
The European Commissioner says the €1 billion savings should be used to eliminate Ireland’s deficit as soon as possible.
# Fiscal cliff
Let's get fiscal: Obama to host talks on looming cliff at White House
Congressional leaders will meet with the President at the White House today with just days left to avert a series of tax rises and spending cuts due to come into effect in the new year.
# let's get fiscal
Explainer: What is the 'fiscal cliff' and why does it matter?
The US is facing a potentially devastating financial crisis in less than a week but what is it all about, what impact will it have on Ireland and what’s got to happen if it is to be avoided? explains…
Column: Real reform is being overlooked in the deficit scramble
There was broad consensus that our political system needed major change, writes David McCann – but that now seems largely forgotten.
# Schools
Survey: Almost half of primary schools in deficit
According to the survey, 22 per cent of schools are breaking even, while 93 per cent receive a minor works grants for repairs.
Column: 4 myths about austerity… busted
Ahead of an anti-austerity march, Michael O’Reilly argues that Budget decisions are being driven by false premises.
HSE deficit now at almost €400 million
The HSE said this is the first month in which there has been a reduction in the deficit reported. The INMO said the figures “fail to portray the real crisis facing the Irish public health service”.
# Mental Health
TD raises questions over money ring-fenced for mental health
Deputy Thomas Pringle asked the Tánaiste today whether this money was being used to plug gaps in the HSE deficit.
Column: 10 problems with the Croke Park Agreement
The Croke Park Agreement is too slow, driven by insiders and makes cuts in the wrong places, writes management expert Eddie Molloy.
# Deficit
HSE reports €404m financial deficit to end of August
Beaumont Hospital in Dublin had the largest overspend in the hospital sector running at nearly €20 million at the end of August.