Market comment

Irish deficit likely to hit €30bn in 2020


Following a statement by Taoiseach Leo Varadkar yesterday (May 13th), it appears the government now expects a Budget deficit of €30bn (10% of GDP) in 2020, up from the €23bn forecast in the Stability Programme Update. Media reports suggest the €30bn deficit is being taken as the starting point in talks between Fianna Fail, Fine Gael and the Green Party to agree a new programme for government.

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May 14 2020, 08:50 IST/BST