Government collects €1.2bn more in taxes to the end of July, compared with last year

Government collects €1.2bn more in taxes to the end of July, compared with last year

New exchequer figures are giving a mixed picture of the economy.

Tax revenues for the month of July (€4.4bn) were €119m below target.

However, the year-on-year figures show the tax take up by €1.2bn (to at total of €28bn to the end of July), compared to this time last year.

The exchequer also recorded an improved €3.4bn surplus at the end of last month, largely down to the sale of a 28% stake in AIB.

Excluding the AIB effect,increased tax revenue and lower interest on the national debt meant the State was €671m better off than in July last year.

The State spent €25.5bn to the end of July, which was 4.7% more than in the same period last year. However, the figure was €244m less than forecast.


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