Economy

xchrom

(108,903 posts)

27. Ireland’s budget deficit for 2012 comfortably inside troika target

Mon Apr 22, 2013, 10:44 AM

Apr 2013

http://www.irishtimes.com/business/economy/ireland/ireland-s-budget-deficit-for-2012-comfortably-inside-troika-target-1.1368564

Ireland's budget deficit for 2012 was 7.6 per cent of GDP, comfortably inside the EU-IMF troika's target of 8.6 per cent, according to the Department of Finance's Maastricht Returns.

The figures, filed twice yearly by each member state to Eurostat - the EU's statistics office, represent a considerable improvement on the Government's Budget 2013 deficit forecast of 8.2 per cent.

The department said the revised forecast deficit for 2013 was 7.4 per cent of GDP, broadly in line with the 7.5 per cent projected at Budget time and within the programme target of 7.5 per cent.

The debt/GDP ratio essentially measures a country’s ability to carry its national debt.The troika programme for Ireland has set a deficit target of 3 per cent of GDP by 2015.

*** oh lets just cut the crap -- stop calling it Europe and start calling it Troika.

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