The Report of the Comptroller and Auditor General (C&AG) has shown that the deficit of the State has increased to over €25 billion.
Total receipts for the State last year reached €38 billion.
That figure is up from €35 billion back in 2010.
The 2011 figure includes tax revenue and income on borrowing undertaken by the National Treasury Management Agency (NTMA).
But total expenditure or issue rose by over €10 billion to €64 billion.
This produced a total deficit of over €25.5 billion to the end of 2011.
The report also shows that as of the end of last year the general government debt stood at €169 billion.
The annual report published this afternoon shows that by July of this year the government has invested over €65 billion into AIB, Permanent TSB (PTSB), the former Anglo Irish Bank and Bank of Ireland (BOI).
Read the report in full href="http://www.audgen.gov.ie/documents/annualreports/2011/report/en/FullReport2011.pdf">here
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