Budget surplus less than expected

The budget surplus for 2001 will be £500m less than anticipated at the end of last year, Finance Minister Charlie McCreevy reported tonight.

Budget surplus less than expected

The budget surplus for 2001 will be £500m less than anticipated at the end of last year, Finance Minister Charlie McCreevy reported tonight.

He said the shortfall on his budget forecast was due to a slower-than-expected growth in tax revenues, due to a slowdown in spending, but maintained that the position would improve as the current year progressed.

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