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Budget Speech

Minister for Finance Brian Lenihan’s speech is available to read here, or to watch here.


The Government’s summary of the measures announced in the Budget is available here.






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Exchequer figures better than expected


The tax take in November was slightly better than expected, it was revealed today.

It is now thought some stability has emerged in taxes and that a €2.2bn black hole that opened up in September will be slightly less, at €1.8bn.

A year ago €39bn was taken in in taxes, compared to €31bn this year -a drop of over a fifth.

The Government's VAT take has dropped by around €750,000 in a year.

The deficit in the country's bank balance is now more than €22bn - up from just less than €8bn a year ago.