CSO: Govt deficit falls below 6%

Ireland's Government deficit recorded a fall in the final quarter of last year, according to figures released by the Central Statistics Office today.

CSO: Govt deficit falls below  6%

Ireland's Government deficit recorded a fall in the final quarter of last year, according to figures released by the Central Statistics Office today.

The CSO figures say the Government deficit stood at €2.278bn in the last three months of 2013, or 5.7% of quarterly GDP.

That is down from 6.2% (€2.51bn) in the same period of 2012.

Government revenue in Q4 2013 (€16.376bn) was higher than Q4 2012 revenue (€15.99bn) due to increased tax revenue, social contributions and investment income.

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