Exchequer figures to signal budget deficit heading to €30bn this year
Exchequer figures published this afternoon are set to show the mounting toll the State faces from the Covid-19 economic storm and will point to the Government budget deficit soaring to €30bn this year.
For the first time, the tax and spend figures will reveal the huge sums spent in the first full month of the Covid-19 lockdown, as the numbers in receipt of some form of pandemic payment, wage support, or for people who lost their job during the early weeks of the crisis, raced towards the 1.1 million mark.
