NTMA to hit 40% of 2016 debt funding in weeks

As we look towards 2016 the Government’s finances are extremely healthy.

The performance of tax receipts this year has been a source of major surprise with both Vat and particularly corporation tax running well ahead of profile.

The 2015 budget deficit is forecast to drop to at least 1.5% of GDP from 3.9% in 2014 and the level of domestic gross debt is set to fall to close to 96% of GDP.