Ireland to beat deficit targets on bumper tax take-Fin Min
LONDON Dec 6 (Reuters) - Ireland expects to beat its budget deficit targets this year and next on the back of tax takes which will probably significantly exceed expectations, Finance Minister Michael Noonan said on Friday.
"We built our budget on the expectation that we wouldn't absolutely achieve our tax estimates for the year for 2013, but it's quite clear now that (we) are going to significantly exceed them," Noonan said in a speech in London.
The country's budget deficit will come in below the 7.5 percent forecast with the number likely to come in at "seven-ish," he said.
"We put a deficit target for 2014 of 4.8 (percent of GDP) ... we're going to beat that as well," Noonan said.
- Malaysia says no evidence missing plane flew hours after losing contact |
- Rescuers seek survivors of NY building collapse; seven dead
- White House tried to mediate dispute between Senate, CIA panel: source
- Missing jet may have strayed to west, Malaysia military says |
- Russia holds war games near Ukraine; Merkel warns of catastrophe |