Department of Finance reveals 3% tax revenue rise

The Department of Finance revealed today that tax revenues last month were up 3% compared to a year ago.

But Exchequer figures published this evening also show the Department of Social Protection continues to increase its spending.

Overall taxes in January were up €109m year-on-year.

Income tax did well and was up 10%, which the Department said was because the labour market improved late last year.

Stamp duty showed a 400% increase, but that was due to a delay in reporting health insurance products from last year.

Spending during the first month of the year increased also - with Social Protection increasing its spend by 18% or €178.82m on last year.


More in this Section

Families evacuated after gas explosion in Belfast

No Lotto winner - jackpot heads for €7m

Abortion referendum moves closer as committee votes against retaining 8th Amendment

Gardaí enlist Civil Defence to use drone in search for armed raider in Clare


Today's Stories

OPW to use demountable barriers in €140m Cork flood plan

Cork City Council defends mayor’s use of official car to drive him home from FF ard fheis

Medic: Savita died as result of abortion laws

Port of Cork's Captain Michael McCarthy named October 'Cork Person of the Month’

Lifestyle

Facing fears while terrifying punters at Cork's Nightmare Realm

Weathering the storm of 1961: We watched 30 large trees uprooted

Remembering the dead: Poignant reason behind Cork’s Zombie Walk

More From The Irish Examiner