So it emerged total that thanks to the injection of €4bn into Anglo, our actual deficit is 14.3%, the highest in Europe.
I had a poke around Eurostat’s website and had a look at this document, dated March 31, 2010. These documents are I think issued every three or six months, and are based on statistics given by the Irish Government to Eurostat.
It’s interesting or a few reasons, so I have imported the first two tables into Google.
General Government net borrowing for 2009 is at €23.35bn. Of this most is from central government. But €2.4bn of it is social security. This compares with a social security net lending of €699m in 2006. In other words it would appear it has gone from plus €699m to minus €2.4bn in three years.