Tax revenues growth to ease path of new government

The incoming government will likely enjoy a financial honeymoon as tax revenues continue to flow into the exchequer’s coffers.

Tax and spending returns for the first two months of the year showed tax revenues were up by over 7.1% from a year earlier, to more than €7.21bn.

Spending slowed over the same period. The figures show that three of the four main tax heads — income tax, Vat and excise duties — were up from a year earlier.