An increased tax take and reduced government spending in the first five months of this year have more than halved the Irish government's Exchequer deficit compared to the same period in 2003, figures released this week by the Department of Finance showed.
The Exchequer statement for the year to May 31, released this week, revealed that the Exchequer deficit totalled EUR495 million at the end of last month, significantly down on the EUR1.2 billion recorded in the same period last year.
Increased tax receipts in May brought the total tax take for the year to May 31 to EUR13.3 billion, the Finance Department went on to announce, revealing that income taxes, stamp duty, capital gains taxes, and VAT had all performed well, bringing in more revenue than was predicted.
In addition, government spending ran behind official targets for the first five months of the year.
The Irish Department of Finance's May Exchequer Statement can be found in the Tax News Resources section.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment