Exchequer figures for the first 8 months of the year, released on Thursday by Ireland's Department of Finance, have revealed that the government's tax take is almost EUR1.5 million up on predictions.
This, combined with the fact that government spending is running at around EUR850 million behind target so far this year, could mean that borrowing may end up being a great deal lower than the EUR1.8 billion estimated by the Finance Department.
According to RTE News, Finance Minister, Charlie McCreevy, who is set to succeed Frits Bolkestein as Internal Market Commissioner in November, expressed pride at his achievements at the Department of Finance over the past seven years.
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