Slump worsens Ireland budget deficit

Article reports that Ireland’s public finance deficit tripled in the first eight months to the end of August 2008 as the housing and construction slowdown hit tax receipts, posing an increasing threat to Ireland’s European Union commitments on fiscal discipline.

The Irish Times, 3.9.08: Tax shortfall top of the agenda at Cabinet meeting http://www.irishtimes.com/newspaper/breaking/2008/0903/breaking25.htm

Ireland: Department of Finance: Exchequer Statement for end August 2008 http://www.finance.gov.ie/viewdoc.asp?DocID=5442

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