Financial Times FT.com

Ireland budget deficit triples as slowdown bites

By John Murray Brown in Dublin

Published: September 3 2008 03:00 | Last updated: September 3 2008 03:00

Ireland's public finance deficit tripled in the eight months to the end of August as the housing and con-struction slowdown hit tax receipts, posing an increasing threat to Dublin's European Union commitments on fiscal discipline.

The budget deficit was €8.4bn ($12.2bn, £6.8bn), compared with a €2.8bn deficit in the same period last year.

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