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Irish PM expects budget deficit to hit 30 bln euros this year

Thu, 23rd Jul 2020 17:20

DUBLIN, July 23 (Reuters) - Ireland will run a 30 billion
euro deficit this year, equivalent to around 10% of gross
domestic product, Prime Minister Micheál Martin said on Thursday
after announcing a fresh 5.4 billion euro stimulus package.

Ireland's finance department estimated earlier this year
that the country would run a budget deficit of 23 to 30 billion
euros this year or 7.4% to 10% of GDP.

"This package of measures takes us to a 30 billion euro
deficit by the end of the year and obviously we then would like
the trajectory around that deficit to be on a downward trend in
2021," Martin told a news conference.
(Reporting by Padraic Halpin and Graham Fahy; Editing by Hugh
Lawson)

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