Dublin, Jan 5 (AFP/APP): Ireland expects a EUR19 billion deficit for 2020 after an “unprecedented” slew of spending to offset the effects of the coronavirus crisis, the finance ministry said Tuesday. Finance minister Paschal Donohoe said the Republic had expected to deliver a surplus of around EUR2.5 billion ($3.1 billion) before the coronavirus pandemic upended the economy in the spring of 2020. But soaring government spending saw an exchequer deficit of EUR12.3 billion registered for the year as tax receipts generally shrank during numerous coronavirus lockdowns. The slide into a 2020 “estimated deficit” of EUR19 billion to the general state … Continue reading Ireland Expecting a 19 Billion Defficit