Government takes in €475m more than expected in year's first quarter

Government takes in €475m more than expected in year's first quarter

New figures show the Government has taken in nearly €500m more than expected in taxes in the first four months of the year.

Exchequer returns published this evening show an extra €475m collected compared to Budget Day predictions, 3.5% above target.

Most of the extra money is from higher-than-expected corporation tax and excise duty driven by new car sales and sales of tobacco products.

Non-tax revenues were boosted by an earlier than expected payment from the Central Bank of €1.8bn in surplus income.

Spending by the Department of Health had overrun by €78m, but spending by all other Departments was at, or below, budget.


More in this Section

UN investigating treatment of Magdalene Laundry survivorUN investigating treatment of Magdalene Laundry survivor

Man jailed for 18 months for disposing of chainsaw his father used in murderMan jailed for 18 months for disposing of chainsaw his father used in murder

Students’ Union 'outraged' at NUI Galway rent hikeStudents’ Union 'outraged' at NUI Galway rent hike

Almost 600 on trolleys in Irish hospitalsAlmost 600 on trolleys in Irish hospitals


Lifestyle

FOR many of us, health insurance is high on the list of financial products which that we tend to avoid changing out of fear and confusion.Money and Cents: cover all the bases for best health insurance

Anya Taylor-Joy plays the titular Emma in the latest adaptation of Jane Austen’s romantic comedy about the spoilt, meddling matchmaker who means well, says Laura HardingAnya Taylor-Joy: ‘Emma is my little monster’

Setting sail to travel the world as part of your job has a romance all of its own but for marketing manager Máire Cronin and engineer Mark Crowe it led to love.Wedding of the Week: Cruise ship co-workers Máire and Mark sail off into sunset

One of the genres that has seen exponential growth in the podcast world is the sleepcast. Open Spotify on your phone in the evening and a number of offerings are available, writes Eoghan O'SullivanThe Podcast Corner: podcasts that will put you to sleep

More From The Irish Examiner