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Irish Government Overspending

IRISH GOVERNMENT OVERSPENDING BIG REVISION Deficit 2012 as a GOVERNMENT DEBT def-i-cit (Noun) percentage of GDP €200 1.The amount by which a sumof money falls short of the required amount €169bn €192bn 2.The amount by which expenditures or liabilities exceed income or assets 8.6% €150 TARGET €144bn €104.5bn 8.2% €100 2009 2010 2011 2012 GENERAL GOVERNMENT DEFICIT €48.3bn ESTIMATE €21.27bn €22.4bn €12.46bn 7.6% 13.4% 30.8% 13.9% 7.6% 2012 2011 2010 2009 ACTUAL COST OF BANKING BAILOUTS :LARGEST IMPACTS ON GOV DEFICIT (% GDP) Ireland 2010 Greece 2012 Spain 2012 Latvia 2010 Germany 2010 Portugal 2010 -5 -10 7.5% -15 -20 2013 TARGET -25 Published deficit Impact of support for financial institutions -30

Irish Government Overspending

shared by Heather Griffin on Jul 02
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A graphic showcasing how the Irish government have been grossly overspending causing a deficit where by the country cannot pay its debts. The cost of the bank bailouts is the main impact on government...

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Economy
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