Good outlook for public finances with tax revenues €900m ahead of target

THE public finances continue to improve with tax revenues running €900 million ahead of target.

Exchequer returns for August show tax receipts totalled €22.9 billion at the end of last month, €1.5bn ahead of a year ago.

The rate of increase of tax revenues has exceeded the target set by the Government on budget day and indicates the amount it needs to borrow this year to fund public expenditure will be lower than planned.