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IRELAND’S DEBT IS lower than previously thought - because of an accounting error that counted a figure of €3.6 billion twice.
TV3 News has revealed that a payment between two state agencies – the National Treasury Management Agency (NTMA) and the Housing Finance Agency (HFA) – had been accidentally counted two times. The Department of Finance said that the sum had been counted “as assets in the NTMA accounts and liabilities in the HFA accounts” – creating an accounting error equal to 2.3 per cent of GDP.
While the figure is equal to the cuts projected in the upcoming budget, a spokesperson for the Department told TheJournal.ie that this would have “no connection” to this year’s budgetary projections because the numbers related to last year’s GNP figures.
Recently, Finance Minister Michael Noonan announced that €3.6 billion may have to be shaved off the budget in order to reduce the country’s deficit to 8.6 per cent of GDP next year.
Noonan is expected to brief the government on the developments at the scheduled meeting of the Cabinet this week. The Medium Term Fiscal Statement will be published on Friday and will contain the latest macroeconomic and fiscal forecasts of the Department of Finance, aimed at informing the government in terms of its ongoing budgetary projections.
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I’m not going to find out the sex this time but a part of me wants two of the same…my partner wants one of each…so better off not knowing I think!
@Sinead Mooney: did ye find out the first time? We have a girl and due the next addition in March but haven’t found out. Will just go with what we get, the surprise is nice.
Lol a lot at number 9 in that article! People ask me my EDD and I’m like erm end of March sometime!!!
@Olivia: yes found out at 9 weeks as had Panorama test. Had same this time but opted not to know sex.
@Sinead Mooney: that’s interesting, usually it’s other way around. Well either way am sure it will be great. It’s a win win, either way they get a sibling.
The way I see it is another girl is gonna have a best pal for life or a boy is gonna be a little bro and his big sis will always look out for him.
That’s the dream anyhow
@Sinead Mooney: tell your partner you get what you get and you don’t get upset. A happy healthy child is everything, gender doesn’t matter!
have your say