Home > Politics > €1.6bn Exchequer surplus recorded in January

€1.6bn Exchequer surplus recorded in January

Written by Robert McHugh, on 5th Feb 2019. Posted in Politics

article headline

Exchequer Returns published yesterday show that Ireland recorded an Exchequer surplus of €1,643 million in January, up 7% year on year (yoy).

Within this improvement, total revenue increased by 12% yoy, driven by strong growth in VAT (12%) and income tax receipts (8%). On the other hand, total expenditure increased by 8% in the 12 months to January, with voted gross current spending increasing by 7% yoy to €4,911 million.

According to Goodbody Stockbrokers, "One should not read too much into one month’s data, but January brought a continuation of the trends of recent years, strong revenue growth accompanied by an increase in spending."

Source: www.businessworld.ie

More articles from Politics

image Description

Irish tax take slips further behind target on corporate returns

Read more
image Description

Taoiseach in funding bid for Ireland-France electricity link

Read more
image Description

Ireland must be open to some international tax changes says Finance Minister

Read more
image Description

New British-Irish deal to guarantee rights of citizens after Brexit

Read more
image Description

Exchequer run €4.4bn deficit through April

Read more