Fine Gael in €1.2million deficit on €5million state funding

The two parties of the last government — Fine Gael and Labour — posted a combined deficit of almost €3m last year, despite receiving funding of almost €8m from taxpayers, the Irish Examiner can reveal.

Meanwhile, Fianna Fáil managed to deliver a €500,000 surplus off the back of state funding totalling €5.3m.

Fine Gael’s dire general election performance last year saw its deficit grow three-fold last year to €1.2m, despite receiving funding from the taxpayer of more than €5m, it can be revealed.