Thursday June 4, 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...

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