Thursday February 27, 2020

Corporation tax surge puts public finances in surplus

The state took in more than it spent last year for the first time since 2006, excluding the 2017 figure which was distorted by the sale of a stake in AIB

3rd January, 2019
Donohoe says government to exceed budget targets. Pic: RollingNews.ie

Figures from the Department of Finance show that the state took in more than it spent last year for the first time since 2006, excluding the 2017 figure which was distorted by the sale of a stake in AIB.

There was a small surplus of €100m last year, compared with a headline figure of €1.9 billion in 2017, which included €3.4 billion from the AIB shares sale. Excluding the AIB factor, the underlying improvement in the Exchequer...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 1 week ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 1 week ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 1 week ago