Thursday September 24, 2020

Exchequer returns on target but a few concerns

Tax revenue trends have weakened and spending remains above target. If the trend continues, Budget 2013 could be even more difficult than expected, writes Cliff Taylor.

4th September, 2012
A big focus will now come on the likely tax revenue from the self-employed in the key Autumn period, writes Cliff Taylor

The Exchequer figures for August show that the government remains broadly on target to achieve exchequer targets.

However, tax revenue trends have weakened and spending remains above target. If this continues, it threatens to make meeting the 2013 Budget even more difficult than it would otherwise be and to endanger the plan to stabilse Ireland's debt ratio.

Looking at the first eight months, taxes are still 1.7 per cent ahead of the Budget target. Income tax,...

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