State coffers boosted by €1.1bn tax windfall

The country’s improving economic fortunes are reflected in the latest exchequer returns released yesterday which show tax revenues to the end of November running more than €1.1bn ahead of target.

Total tax revenue of €38.1bn was collected to the end of last month, an increase of 3% on projections and €2.9bn, or 8.5%, ahead of the same period last year.

The exchequer deficit of €5.8bn represents an improvement of €1.8bn on projections.