Exchequer returns: what the experts said

The Exchequer recorded a surplus and tax revenues rose. Good news? Here’s what two experts made of the latest figures from the Department of Finance.

4th February, 2013
“The big positive in the numbers is the 10 per cent increase in income tax receipts over this time last year,” said one analyst.

The Exchequer recorded a surplus of €704 million in January 2013 compared to a deficit of €394 million in the same month twelve months ago.

Tax revenues in January 2013 amounted to €3,774 million, an increase of €109 million or 3 per cent on the same month in 2012.

*The details of the release are here, but here’s what two experts made of the latest figures from the Department of Finance:*

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