The government may have to borrow €5 billion in 2008. According to Budget 2008, they planned to borrow €1.85 billion.
Read the following article from the Sunday Business Post and answer the following questions:
1. Why will the deficit in 2008 be greater than originally planned?
2. State and explain two economic effects of a large budget deficit?
Send your answers by commenting on this post or you can email mrhannon at geralds dot ie