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Technology Stocks : Telecom Eireann (NYSE:EIR)
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To: Geoffrey Murray who wrote (14)8/4/1999 10:32:00 PM
From: Teddy  Read Replies (1) of 18
 
i don't have a clue what this means, but it was in today's The Wall Street Urinal:

August 4, 1999
DJ Irish Jan-Jul Exchequer Surplus IEP5.8B Vs IEP1.6B Yr Ago

DUBLIN (Dow Jones)--Ireland had an exchequer surplus of 5.8 billion punts ($1=IEP0.65,
EUR1=IEP0.7875) in the seven months to July compared with a surplus of IEP1.6 billion a year ago,
the Department of Finance said Wednesday.

The Department of Finance doesn't provide any explanation with the monthly exchequer figures.

But the data show that the government got IEP3.6 billion from the privatization of its 50.1% share in
Telecom Eireann PLC (U.EIR), an entry that wasn't made in the corresponding year-earlier period.

The finance department said total tax receipts were IEP11.0 billion in the seven-month period
compared with IEP9.5 billion a year before.

The figures reflect the strong growth in the Irish economy that has boosted government coffers.

Ireland's Finance Minister Charlie McCreevy just last month revised upwards the government's
exchequer surplus figure for 1999 to IEP1.7 billion after all government spending committments have
been met.

The Department of Finance is expected to publish its 1999 Review and Outlook either later this week
or early next week, which could also give further revisions to government economic forecasts.
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