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Jul 3 2020, 06:55 IST/BST
That Irish tax revenues have shown positive annual growth through both May and June is extraordinary, reflecting buoyant corporation taxes but also that the damage from COVID-19 is smaller than expected, especially set against the conservative April Stability Update projections. True, spending commitments will push up expenditure, but the new Irish government now has considerable flexibility versus its forecast for a €23bn deficit in 2020.
Jul 3 2020, 06:55 IST/BST