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New metric 'GGB Star' to monitor public finances

  • 27-09-2022 3:49pm
    #1
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,888 ✭✭✭✭


    He said 'excess' receipts will be treated differently in future. The Department of Finance will now employ a new metric – GGB star – to monitor the public finances while excluding any 'excess' receipts.

    The GGB star for this year is currently forecast at a deficit of €8 billion compared to the headline surplus of €1 billion.

    What is GGB Star?


    https://www.rte.ie/news/budget-2023/2022/0927/1325777-new-metric-ggb-star-to-monitor-public-finances/

    “I can’t pay my staff or mortgage with instagram likes”.



Comments

  • #2
    silliussoddius
    Registered Users, Registered Users 2 Posts: 4,892 ✭✭✭silliussoddius


    Seems to be what the deficit budget would be if you excluded the Corporation tax receipts. Not a very good article, they must have had one of the entertainment section/tweet reader spivs write that one.



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