Outsized tax returns will help Coalition to fund Covid-19 payments

The latest exchequer tax returns published this afternoon will go a long way to reassure the new coalition it has the money to extend the Covid-19 unemployment supports and fund its promised stimulus packages without blasting through an indicative €30bn upper ceiling for the budget deficit this year.

Corporation tax revenues in June are set to repeat their outsized performance of May. Picture: iStock

Additional reporting: Geoff Percival