A steep rise in government debt has been cushioned by fast economic growth.
The government last year registered a deficit of €950.4 million, equivalent to 4.9 per cent of GDP while its debt amounted to €9,767.8 million or 50.4 per cent of GDP, official figures published on Monday show. The deficit saw an improvement of €14.4 million over the deficit recorded in the previous year. The balance was...
