February 7, 2013 / 4:51 PM / 5 years ago

Ireland's deficit falls on back of debt deal-fin min

DUBLIN, Feb 7 (Reuters) - Ireland’s budget deficit will fall to 4.5 percent of Gross Domestic Product (GDP) from 5.1 percent after a deal to cut the burden of the country’s bank debt, documents released by the finance ministry on Thursday showed.

“What it means is there will be 1 billion (euros) less taken from expenditure and tax cuts until 2015,” Finance Minister Michael Noonan told a news conference.

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