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Wed 09 Sep 2008Budget moved to October amid economic gloom
The Government has decided to move the Budget forward to October 14th in the face of the deteriorating economic situation.
The latest official exchequer figures, which were released yesterday, reveal that tax revenues are continuing to plummet. In July, the Government projected a tax shortfall of €3 billion for the year, but a rapid slowdown in consumer spending and a fall in stamp duty and capital gains tax receipts means that the shortfall for the year could exceed €5 billion.
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