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Monday 30 January 2023 Dublin: 8°C

# Exchequer

This month
January 2023
# Finances
€83 billion in tax collected by Exchequer in 2022, leaving Government with €5 billion surplus
The figures were released by the Department of Finance this afternoon.
Last month
December 2022
# Oops
'Serious concern' as Central Bank issues €738m to government in excess of funds available
The incident occurred following spending oversight from the Department of Finance and the Central Bank.
Last year
2022
# tax receipts
Exchequer surplus of €7.3 billion recorded in year to the end of October
This compares to a deficit of €7.4 billion in the same period last year.
# Exchequer Returns
Tax revenues for first nine months of the year just under €58 billion
This is up €12 billion on the same period last year, according to the Department of Finance.
# dividends
ESB pays out €121.6 million in dividends to the Exchequer so far in 2022
A total of €179.4 million has been paid out by semi-state companies to the Exchequer so far this year.
Voices
Analysis: Dysfunctional housing policy is failing a generation of renters
Economist Victor Duggan looks at the rental policy failures that have brought us to the current crisis.
# st brigid's day
New public holiday could cost Exchequer between €220m and €300m, says Varadkar
The first St. Brigid’s day public holiday will be Monday 6th February 2023.
# Exchequer Returns
State's deficit drops by over €6 billion following conclusion of Covid-19 measures
An Exchequer deficit of €1.1 billion was recorded at the end of April, compared with a deficit of €7.6 billion in the same period last year.
# Taxing matters
Tax receipts climbed in the first three months of 2022 but figures are 'flattered' by Covid
Tax revenues were up over 30% compared with the same period last year when strict public health measures were in place.
# Corporation Tax
Irish corporation tax revenues set to decline from 2023 onwards, says Donohoe
New figures revealed that Irish tax receipts surged to their highest ever level last year at 68.4 billion euro.
All time
# Exchequer
Public finances continue to improve as deficit narrows to €4.9 billion
Finance Minister Paschal Donohoe said the strong tax returns show the “strength of our economic recovery”.
# Exchequer
Sugar tax: Revenue from it more than doubled from €16m to €33m last year
The tax was brought in to try reduce the harm caused by sugary drinks on Irish people’s health.
# Exchequer
Exchequer deficit of €7.4 billion in July as tax revenues fell by 18.6%
The deterioration of €8.3 billion in Ireland’s Exchequer was largely driven by increases in expenditure in response to Covid-19.
# NAMA payout
NAMA pays two billion euro in first payment to the Irish Exchequer
The total payment to the Exchequer is expected to be €4.4bn by 2022.
# crunching the numbers
Exchequer deficit was €7.5 billion in April - more than double this time last year
Finance Minister Paschal Donohoe described it as a ‘sharp deterioration on the public finances”.
# Multinationals
Ireland's corporation tax receipts set to take a hit under new rules and fall by up to €2bn
Ireland’s corporation tax increased again this year.
# climate action
Ireland has spent €121m on carbon credits due to failure to reach emissions targets
The government will have to pay out additional funds next year.
# SIPO
Political parties received €5.9m in State funding last year
Eight political parties qualified for Exchequer funding in 2018.
# exchequer boost
Government hopes to make €27m from sugar tax this year alone
The new tax kicked in on 1 May.
# Finance
The State's public service pension liability currently stands at €114.5 billion
The figure was calculated under the assumption that future pension increases will continue to be in line with pay rates
# Your Say
Poll: Would you buy cigarettes or alcohol on the black market?
Black market goods can represent a huge loss to the Exchequer.
# clamp down
Revenue seizes over 600 litres of alcohol at Dublin Port
They made the seizure a couple of days before St Patrick’s Day celebrations kick off.
# The Great Irish Sell Off
Vulture funds pay just €8,000 in tax on €10 billion of assets
New research has shown companies pay just €250 in tax a year.
# Money Money Money
Booze, petrol, cigs: This is how much an extra 10 cent on our 'luxuries' would bring in
An increase of a couple of cent could mean big bucks to the State coffers.
# Smoked Out
Cash, cigarettes and tobacco seized in Revenue raids
Revenue discovered the tobacco products following a number of searches in the Louth area.
# excise
Harris pushed for €1 increase on cigarettes and 75c on wine
There was a 50 cent increase on cigarettes in Budget 2017 but none of Harris’ recommendations on alcohol were included.
# down the drain
Suspension of water charges will cost the taxpayer €115 million extra in 2017
It has also been revealed that the programme for installing domestic water meter is now under review following the suspension of charges.
# Cork
Three arrested after cigarettes found hidden in a pretty unusual place
More than 40,000 were found stuffed into mannequins.
# Barnardos
Barnardos has a plan to make education free for primary school children
The children’s charity estimates that €103 million would eliminate costs for all parents.
# cash for culture
Arts Council doles out €30m among 200 arts organisations around Ireland
The council said it was mindful to help position the arts to benefit from and play a full part in the national recovery.
# Prime Numbers
Tayto crisps, Mary Lou McDonald, and U2: The week in numbers
Plus: How many homeowners are more than two years behind with their mortgage repayments?
# IT glitch
Where does Ulster Bank's €3.5 million fine go?
To us, actually.
# Exchequer Returns
The difference between now and this time last year? About €2 billion
Ticking along nicely.
# Monaghan
Revenue busts oil laundering plant that could have cost State €10m a year
A 42-year-old man was arrested in connection with the find, which included a large among of laundered fuel and toxic waste.
# no cheque please
"We're not in a position to write large cheques": Enda plays down tax-cut talk
The Cabinet’s back tomorrow, and the Budget’s in six weeks. But the Taoiseach’s not giving much away…
# Tax Take
Tax revenue is €550 million ahead of target - which means we'll (probably) get an easier budget
No wonder he looks so happy.
# inbox me
The Briefcase: good news on the economy, a boom-time property market and the most hated family in Ireland
This was the week in business.
# payday
The exchequer tax take is €500 million ahead of target
Despite the positive overall picture, overspend in the Department of Health is still proving a drag on State finances.
# deficit targets
Impact: We want more pay... as long as the economy can handle it
The public service union will only seek increased pay if the government reaches deficit targets.
# Under the Hammer
Going, going, gone: Criminal Assets Bureau sells Rolex on eBay for €8,200
The last watch the CAB sold on the auction website went for €7,000.