Government spending exceeded revenue by €227 million in the first seven months of the year – new data show that

  • Government spending exceeded revenue by €227 million in the first seven months of the year – new data show that
    Independent.t. E.
    Government spending in the first seven months of this year ahead of the revenues collected €277м.
    https://www.independent.ie/business/irish/state-spending-outstripped-revenue-by-227m-in-the-first-seven-months-of-the-year-new-figures-reveal-37179443.html
    https://www.independent.ie/incoming/article37179435.ece/260ad/AUTOCROP/h342/9tax.jpg

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Government spending in the first seven months of this year ahead of the revenues collected €277м.

That compared with a surplus of 3.366 billion in the same time last year – although that includes income from the sale of shares of AIB.

Stripping in Internet AIB Treasury balance showed underlying annual decrease of 210 million euros. That dis-improvement is generally associated with higher costs.

The Governor of the Central Bank, warned last week that the Treasury should be in excess.

Income tax in the amount of 29.7 m was collected this year in late July, which was 5.5 PC higher than a year earlier.

Total net voted expenditure to end of July 2018 amounted to 8.2 PC yoy.

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