Friday August 7, 2020

Public coffers in surplus as tax take hits €50 billion

The surplus in 2017 compares to a deficit of €1 billion in 2016

Ian Guider

Markets Editor

@ianguider
3rd January, 2018
Department of Finance says corporation tax figures not significant yet. Pic: RollingNews.ie

The public finances ended 2017 in the black to the tune of €1.9 billion thanks to the proceeds from the sale of part of the state’s shareholding in AIB.

The surplus last year compares to a deficit of €1 billion in 2016 and was helped by the more than €3 billion gain from selling 28 per cent of AIB last June and a solid increase in tax revenues.

The state collected €50.7 billion in taxes last...

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