Exchequer returns for the first quarter of 2014 show a deficit of €2.3 billion to the end of March — a drop from the €3.7 billion deficit in the same period last year.
Overall, tax receipts are 3 per cent ahead of target for 2014 to date, with strong income tax receipts reflecting positive jobs data from recent months.
Income tax revenues totalled €3,795 million in Q1, an increase of €129 million (3.5 per cent) year-on-year.
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