Ireland's 2011 budget deficit comes in at €24.9B vs. €18.7B in 2010. Tax receipts rose...

|By:, SA News Editor

Ireland's 2011 budget deficit comes in at €24.9B vs. €18.7B in 2010. Tax receipts rose to €34B from €31.7B. The pop in the deficit comes from "non-voted capital expenditures," which rose from €2B to €11.9B - this is taxpayer money used to keep the banking system afloat. (pdf)