Increased tax take drives up Government surplus

Revenue from taxes increased by €3.3bn, while revenue from social contributions increased by €400m

Finance Minister Jack Chambers. According to the CSO, total Government revenue for this period stood at €33.4bn — an increase of €3.7bn year-on-year — with total expenditure reaching €29.7bn.

The Government recorded a surplus of €3.7bn between April and June driven largely by increased revenue from taxes and social contributions, new data from the Central Statistics Office (CSO) shows.

This surplus was recorded in spite of a €1.5bn increase in expenditure during the three months compared to the same period last year.