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    Central Bank warns of potential €25.7 billion deficit

    1 week ago

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    Central Bank Governor Gabriel Makhlouf cautioned Finance Minister Simon Harris about the risk of a €25.7 billion deficit by 2030 due to ongoing budget spending overruns. He highlighted the instability of corporation tax revenue, which heavily relies on a few companies. Makhlouf urged for a broader tax base and emphasized the importance of reducing national debt as a priority.
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