Christmas cheer: €1.8bn surplus boost for Cowen

By Brian O'Mahony, Chief Business Correspondent

Tue, 01 Mar, 2005 - 00:00

The government initially said it would have to borrow €2.8 billion this year to make ends meet. That figure had been revised down dramatically due to a healthier economy.

On Wednesday, new Finance Minister Brian Cowen said he would need to borrow just €200m.

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