The CSO figures show that the Exchequer recorded a €400m increase on the surplus of the previous year.
Government revenue rose by 6.2% to €89.1bn in 2019, while spending grew by 5% to €87.6bn.
The rise in income is credited to an increase in the tax take of €4.1bn, a rise in the sale of goods and services and a 22.3% hike in investment income.
Government Surplus of 0.4% of GDP in 2019https://t.co/eItAN09im2 #CSOIreland #Ireland #NationalAccounts #Economy #Economics #Macroeconomics #GovernmentFinances #GovernmentAccounts #GovernmentExpenditure #EconomicActivity #Output #ValueAdded pic.twitter.com/Zey2xAxDPr— Central Statistics Office Ireland (@CSOIreland) July 21, 2020
Government spending increased by €4.2bn in this period, with a 10.5% increase in the use of goods and services.
Overall, the central government spent €82.6bn in 2019 giving a surplus of €1.95bn.
Local government reached a deficit of €0.5bn, leaving a combined surplus for the general government of €1.4bn for 2019.