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Listen: Public Finances Have Deteriorated By €8.3 Billion In The Past Year.

: 08/05/2020 - 17:18

The public finances have deteriorated by 8.3 billion euro in the past year.

Latest Exchequer figures show the deficit was 7.4 billion euro in July, compared to a surplus of 896 million euro in the same month last year.

The fall is being blamed on the cost of the State's response to the Covid-19 pandemic, with spending up 8.6 billion euro year-on-year.

Finance Minister Paschal Donohoe says the figures were to be expected:

pascal.mp3, by Ciara Noble

 

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