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EXCLUSIVE-Irish budget deficit could top 10% of GDP - Finance Minister

May 21, 2020 - Nasdaq

DUBLIN, May 21 (Reuters) - Ireland could post a wider budget deficit this year than its worst-case scenario of 10% of GDP, even if it fully succeeds in reopening the economy, Finance Minister Paschal Donohoe told Reuters on Thursday. The government has committed more than 13 billion euros so far to help firms, workers and the health service cope with the coronavirus pandemic, turning a budget surplus in 2019 into an estimated deficit of at least 7.4% of gross domestic product. Donohoe told par...