Thursday September 24, 2020

Exchequer returns: key details

Ahead of tomorrow's Budget, November's exchequer returns have proved something of a disappointment, although there was an exchequer surplus. Here are the key details.

4th December, 2012
2
The Department of Finance said it had seen the biggest monthly surplus since November 2008 despite disappointing tax revenues.

Ahead of tomorrow's Budget, November's exchequer returns have proved something of a disappointment. Here are the key details:

* Tax revenues at end-November 2012, at €33.8 billion, are almost €2 billion (6.2%) ahead of the same period in 2011. Adjusting for delayed corporation tax receipts from December 2011 and a PRSI/income tax reclassification issue this year, the year-on-year growth rate is lower,

though still a "robust" 4.5%, the Department of Finance said.

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