Buoyant tax receipts reflect economy’s rapid growth

A buoyant set of exchequer figures for May confirm that the economy is growing rapidly. The Department of Finance figures showed that revenues from all the main tax headings rose significantly in the first five months of the year.

Overall, the Government collected tax revenues of over €17.28bn in the first five months to the end of May, up 10.9% in the year.

The Government collected €734m more in tax receipts than it had expected at this stage in the year.