Tax revenues bring in €3.9bn haul in February despite growth slowing for income tax receipts

Figures the latest indicator economy is weathering borrowing cost hikes and highest consumer price inflation for decades

Income tax receipts rose 5% to over €2.2bn in February but marked a 'slowdown to the very strong growth rate seen in recent months'. 

The Government collected €3.9bn in tax revenues in February, up by €500m from a year earlier, as Vat, income, and corporation tax receipts continued to perform, the latest exchequer figures show.

The Department of Finance figures are the latest indicator that suggests that the Irish economy is so far weathering the sharp increases in borrowing costs for households and businesses, and the highest consumer price inflation for decades.