Transcribed
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...
deficit, here Ireland demonstrates by far the most adverse figures in the EU.
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