€3.6bn blunder

THE Government revealed that Ireland’s debt is €3.6 billion lower than thought, after an “accounting” error was uncovered.

Wed, 02 Nov, 2011 - 00:00

The blunder occurred after a debt between two state agencies was counted twice.

Loans from the National Treasury Management Agency to the Housing Finance Agency were counted twice, doubling the debt, the Department of Finance said.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

Drumcree Orange Order parade 'No such thing as half a march': Drumcree talks end without agreement
RTE pay revelations Tensions flare in budget talks between Patrick O'Donovan and Jack Chambers, sources claim
Royal High School Changes to two Leaving Cert subjects delayed until at least 2028
CourtsOrganisation: IrelandOrganisation: National Treasury Management AgencyOrganisation: Housing Finance AgencyOrganisation: Department of Finance
<p>The national forecaster said increased cloud will start to build later this afternoon with rain moving from early morning. Picture: Chani Anderson.</p>

Cork traffic and weather: Wet and windy start to weekend

READ NOW

Lunchtime News

Newsletter

Get a lunch briefing straight to your inbox at noon daily. Also be the first to know with our occasional Breaking News emails.

Latest

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited