Can it really all change so much in one short year? Surely this will have a drastic impact on the NDP and future infrastructure projects in the pipeline, will this mean a return to borrowing to finance the pubic sector or will some form of cull be necessary? Does anyone believe the ESRI have over/under estimated the future of the economy, personally i think it will be even worse (sorry for the un-patriotic view Bertie ) and the next couple of years here are going to unleash untold financial and social problems for the countryThe Exchequer will end in the year with a deficit of approximately €622 million, according to the Economic and Social Research Institute (ESRI).
In its latest quarterly bulletin, the independent think tank claims the deficit is due to a fall of 3 per cent in *** and an overall slowdown in the economy.
The figure will represent a swing in the public coffers from a surplus of €2.2 billion in 2006 to a deficit of €622 million this year.
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