(MENAFN) Irish Finance Minister, Michael Noonan, stated that it would be easy for the country to achieve its deficit target for the current year, at 8.6 percent of gross domestic product (GDP), reported Reuters.
Noonan added that so far, there has been no sign that the nation's banks are considering a doubling of the repayment term on parts of its USD107 billion bailout.
He said that in 2011, the government was able to exceed the deficit target by 1 percentage point.
It is worth noting that Ireland is under a European Union (EU) and International Monetary Fund (IMF) bailout program.
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