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Thread: Deficit at end of 2012 was 14 billion, 10 billion lower than at the end of 2011.

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    Politics.ie Member White Horse's Avatar
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    Default Deficit at end of 2012 was 14 billion, 10 billion lower than at the end of 2011.

    New figures show that the Exchequer deficit at the end of last year was 14 billion - that's 10 billion lower than at the end of 2011.
    Tax revenue was up 2.6 billion on the year before to 36 billion, non-tax revenue was 45m higher.
    The Department of Public Expenditure and Reform figures show that spending in Health and Social Protection resulted in aggregate overspends, but this was offest by underspends in other areas.
    These figures were better than the government expected.

    Exchequer deficit at

    Further signs that the government is getting the economy back on track. A reduction of 10 billion in the exchequer deficit.

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    Politics.ie Member ruserious's Avatar
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    Quote Originally Posted by White Horse View Post
    New figures show that the Exchequer deficit at the end of last year was €14 billion - that's €10 billion lower than at the end of 2011.
    Tax revenue was up €2.6 billion on the year before to €36 billion, non-tax revenue was €45m higher.
    The Department of Public Expenditure and Reform figures show that spending in Health and Social Protection resulted in aggregate overspends, but this was offest by underspends in other areas.
    These figures were better than the government expected.

    Exchequer deficit at

    Further signs that the government is getting the economy back on track.
    Thou hast failed to point out the less spending on bailing out banks last year than in 2011.
    Boycott the "Irish" Sun rag.

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    We are back lets party, anyone got a loan of 15 billion? i want to build a big house.

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    Politics.ie Member jpc's Avatar
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    All without significantly affecting the terms of employment and conditions of the people that were responsible for a lot of the mess as well!
    Result!
    Its only a chat, we ain't the world council.

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    Quote Originally Posted by ruserious View Post
    Thou hast failed to point out the less spending on bailing out banks last year than in 2011.
    And that the interest on the loans for the bankrupt banks will ratchet up in the coming years and sink the country.
    Happy new year!

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    Hmm, grounds for cautious optimism. Watch now as this thread slides inexorably off the p.ie front page.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Quote Originally Posted by hiding behind a poster View Post
    Hmm, grounds for cautious optimism. Watch now as this thread slides inexorably off the p.ie front page.
    Who says FG fanboys aren't as deluded as FF fanboys. LOL.

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    Politics.ie Member hammer's Avatar
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    €5.7 billion in debt interest

    Its a pity such waste.

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    Quote Originally Posted by White Horse View Post
    New figures show that the Exchequer deficit at the end of last year was €14 billion - that's €10 billion lower than at the end of 2011.
    Tax revenue was up €2.6 billion on the year before to €36 billion, non-tax revenue was €45m higher.
    The Department of Public Expenditure and Reform figures show that spending in Health and Social Protection resulted in aggregate overspends, but this was offest by underspends in other areas.
    These figures were better than the government expected.

    Exchequer deficit at

    Further signs that the government is getting the economy back on track. A reduction of €10 billion in the exchequer deficit.
    The figure of €10bn is a BS figure because it includes one off expenditure on bailouts. The underlying current spending deficit is the one that people should be concerned about.

    It also includes one off revenue from the bandwidth auction this year, an analysis of current spending versus sustainable current income is what is really required. Last year this figure was €100m higher year on year at €9.4bn (2010) versus €9.5bn (2011).
    Last edited by Tea Party Patriot; 3rd January 2013 at 09:31 PM.
    "If we can but prevent the government from wasting the labours of the people, under the pretence of taking care of them, they must become happy." - Thomas Jefferson

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    Quote Originally Posted by Fr.Ted Crilly View Post
    Who says FG fanboys aren't as deluded as FF fanboys. LOL.
    So you see no grounds for cautious optimism in these figures? Why?
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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