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Government Awaits Key Economic Figures

The overall size of the next Budget may become clearer later this morning when we get vital figures on the performance of the economy.

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The CSO is to publish data showing how the economy has performed in the second quarter of 2013.

If the economy is growing, the government will be able to record a larger deficit next year – and may have some space to ease off on the full 3.1 billion euro of adjustments.

But if the economy shrinks for the fourth quarter in a row, the government may be forced to dig deeper to meet the Troika’s deficit targets.

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