Government signals increase in expenditure this year

The Government last night signalled an increase in expenditure this year but the monies are earmarked to meet pledges to repay water charges and meet the cost of Christmas bonuses, writes Eamon Quinn.

And the Estimates of Receipts and Expenditure published last night showed little signs of any unexpected hikes in spending in 2017.

The estimates forecast tax revenues will run out at €50.6bn this year. That’s unchanged from the Summer Economic Statement, as well as estimates made at the time of the budget last year.

Current expenditure this year is estimated at almost just over €51.25bn.

The budget deficit this year is estimated at 0.3% of GDP.

Related Articles

Budget 18 set to focus on childcare, housing and tax cuts

Budget day commercial property sales fetch 2% tax

Government set for big defeat over women’s pension anomaly

Donald Trump: 'I hear Ireland is reducing Corporation Tax to 8%'; Department says no

More in this Section

Ibrahim Halawa released from prison in Egypt

WRC talks between trade unions and Irish Rail end without agreement

Taoiseach: Banks have dragged their heels too long over tracker scandal

Sinn Féin's former assembly member Caitriona Ruane quits Stormont role

Today's Stories

Bail for man, 60, accused of sexually assaulting four women in Cork

HSE to explain why it paid 600% drug price rise

River Lee’s first new bridge in decade installed

Drink driver caught for 11th time is jailed


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