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Wed 03 Mar 2009Cowen hints at possible increased borrowing
Taoiseach Brian Cowen has hinted the Government may have to go beyond its target of limiting borrowing to 9.5 per cent of GDP this year due to worsening financial circumstances.
Mr Cowen told the Dáil this morning the Government would seek to be “as close as possible” to the target. He said the priority was to get back to the stability and growth pact guidelines of a 3 per cent deficit by 2013.
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