Exchequer deficit was €7.5 billion in April - more than double this time last year

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A significant increase in spending on health and social welfare led to the deficit of €7.47 billion up to the end of April.

Image: Shutterstock/Africa Studio Image: Shutterstock/Africa Studio THE IMPACT OF the Covid-19 pandemic is continuing to stretch the national pursestrings after the Exchequer recorded a deficit of €7.5 billion in April.

Finance Minister Paschal Donohoe described it as a “sharp deterioration on the public finances” as a result of the Covid-19 pandemic. The latest figures come just days after the Government laid out a roadmap to bring the economy out of hibernation following strict measures to restrict the public movement over the past two months.

 

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