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Wednesday 25 November 2020
The figure compares to a deficit of €625m recorded in the same period last year.
Donohoe said this morning that the Exchequer ran a €1.5 billion surplus last year.
The Exchequer received more than €55 billion last year.
Including the sale of 29% of its AIB shares the government collected over €58 billion last year.
Corporation tax returns were a full €737 million higher than expected in 2016.
Corporation tax and excise duties are making up for the relative weakness of Ireland’s other tax takes, writes Victor Duggan.
New exchequer returns show 7.1% growth in tax returns on the same period as last year.
The two finance ministers were in top form today.
Just as Michael Noonan said it could three years ago.
The taxes are rollin’ in for Michael Noonan.
The Government took in almost €4.2 billion in tax last month.
The government’s tax take hit €41.3 billion in 2014 – but the cost of servicing its debts is still going up as well.
Michael Noonan says it’s a reflection of more people being at work.
Ticking along nicely.
The final exchequer returns before Budget 2015 have been released this evening.
The results are being hailed as evidence that no further cuts are needed in October’s budget.
The department say that the overall level of tax collected remains unchanged.
VAT receipts are up 7.1 per cent to €2.1 billion.
The Social Welfare budget has an under spend of €182 million, while the Health budget is over.
All four of the big tax heads were down last month though
Minister for Finance Michael Noonan said that it’s too early to give any further details on the exact figure.
The Budget is less than two weeks away and the economic data is coming thick and fast…
But the deficit for the first eight months of this year was over €4 billion less than it was in the first eight months of 2012.
Everybody’s talking about the funeral of the Chada brothers, the SUSI grant system and a worldwide travel alert for US citizens.
The €1.3 billion sale of Irish Life held a exchequer surplus last month of €1.43 billion as tax take in July was lower than predictions.
The Department of Finance said the tax profile is helped by the collection of €126 million in Property Tax receipts.
Income tax, VAT and excise duties are lower than had been forecast – but corporation tax is well ahead of expectations.
Here are the things we learned, loved and shared today.
A total of €21 million in local property tax was collected during April.
Tax revenue was ahead of target by €47 million with corporation tax surpassing its target by €147 million.
The total tax take in February 2013 was €2.042 billion – down by €186 million on the same month from last year.
A €1 billion sale of Bank of Ireland notes means Ireland recorded an Exchequer surplus for January 2013.
Did Irish people get any better at saving in 2012? And how much will the next batch of new TDs pay for a pension?
The EU wanted the general government deficit to be under 8.6 per cent of GDP, but it could be under even 8 per cent.
VAT and corporation tax recorded surpluses, while income tax and excise duties recorded shortfalls.
The Department of Finance has released the last exchequer returns before tomorrow’s Budget with income tax take for November 12 per cent below target.
The first documents for Budget 2013 show the government expecting a 4.5 per cent increase in income tax in 2013.
Spending at the Department of Social Protection was more than expected, whereas the Department of Jobs, Enterprise and Innovation continues to underspend.
The Department of Jobs has said that its performance must relate to services delivered and not money spent as figures show it underspent by €85 million in the first three quarters of 2012.
The things we learned, loved and shared today.
THE NATIONAL PUBLIC Health Emergency Team is meeting today to make its recommendation to Government about easing Level 5 restrictions.
The recommendation will potentially set out what people are able to do in the weeks leading up to Christmas, ahead of the Government’s decision this week on whether or not it will re-open things like pubs and restaurants across the country after 1 December.
It’s been reported this week that some ministers believe restaurants should be allowed to open for indoor dining during December and that pubs should also be allowed to reopen.
However, some public health experts believe that it would not be safe to re-open restaurants next month, given the potential to the virus to spread in congregated indoor settings.
But what do you think? Today we’re asking: Would you be comfortable going to a restaurant for a meal in December?
Poll Results:
Share your story: voices@thejournal.ie
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Partly sunny; areas of fog early; chilly
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