DUBLIN, Sept 11 (Reuters) - Ireland is likely to run a
budget deficit at the upper end of a 25 to 30 billion euro range
this year as a result of the unprecedented fiscal response to
the COVID-19 pandemic, Deputy Prime Minister Leo Varadkar said
While Ireland has collected far more tax so far this year
than it expected early in the pandemic, government spending is
up 28% year-on-year. A deficit of 30 billion euros equated to
10% of gross domestic product (GDP) when the finance department
published its most recent projections in April.
Varadkar, Ireland's business minister, told a conference
that the government must focus on the hardest-hit industries
such as aviation and live events in October's budget for 2021
"to make sure they are still around" after the crisis.
(Reporting by Padraic Halpin; Editing by Kevin Liffey)