Rise in Government expenditure due to coronavirus pandemic

The exchequer's deficit reached €6.1 billion in May, as pressure on the government's finances continues with the Covid-19 pandemic.

The exchequer's deficit reached €6.1bn in May, as pressure on the government's finances continues with the Covid-19 pandemic.

However, the latest figures show tax revenues are up 1.3% on May last year, due to an unexpected increase in the amount of corporation tax collected.