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Net fiscal balance by UK nation and region per capita, 2017–18. Nine of the twelve UK statistical regions (the exceptions are London, South East England and East of England) carry a deficit. At nearly £5,000 per capita, Northern Ireland's is the highest, followed by a £4,300 per capita fiscal deficit in Wales and £4,100 in North East ...
Ireland: 2.2 Jun 2023 quarterly Italy: −8.0 Jun 2023 quarterly Kazakhstan: −3.5 Jun 2023 quarterly Kosovo Kosovo: 0.5 Jun 2023 quarterly Latvia: −3.0 Jun 2023 quarterly Liechtenstein: 2.7 2021 [3] assumed yearly [3] Lithuania: −1.3 Jun 2023 quarterly Luxembourg: −0.3 2022 yearly Malta: −4.8 Mar 2023 quarterly Moldova: −3.3 2022 yearly
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The unique exposure of Ireland's low-tax business model to the United States could place its public finances at significant risk under a Donald Trump presidency - if he follows through on pre ...
But its impact is much less than one to one. A one percentage point reduction in the structural deficit delivers a 0.67 percentage point improvement in the actual fiscal deficit". This means that Ireland e.g. would require structural fiscal tightening of more than 12% to eliminate its 2012 actual fiscal deficit.
Ireland's economy has expanded faster than any other in the European Union for the last four years and with unemployment falling below 6 percent for the first time in a decade, there is a risk ...
The economy and government finances began to show signs of impending recession by the end of 2007 when tax revenues fell short of the 2007 annual budget forecast by €2.3 billion (5%), with stamp duties and income tax both falling short by €0.8 billion (19% and 5%) resulting in the 2007 general government budget surplus of €2.3 billion (1.2% of GDP) being wiped out.
A one percentage point reduction in the structural deficit delivers a 0.67 percentage point improvement in the actual fiscal deficit." This means that Ireland e.g. would require structural fiscal tightening of more than 12% to eliminate its 2012 actual fiscal deficit, a task that is difficult to achieve without an exogenous eurozone-wide ...