Seamus Coffey: Budget bounce should not put us off our guard

While we can now talk of deficits in hundreds of millions rather than tens of billions, there are still risks ahead and we can’t afford to fritter away our earnings

The publication of the November exchequer returns gives a good insight into what the full-year fiscal outcomes will look like. One-sixth of this year’s tax receipts were expected to be paid in the month. And they were.

By the end of November receipts of exchequer taxes and PRSI totalled €56.1 billion. The profiles set out by the Department of Finance based on the forecasts in Budget 2017 from 14 months ago were that ...