Posted on 01/04/2024 10:32:03 PM PST by Olog-hai
The Exchequer recorded a surplus of €1.2 billion in 2023, according to figures released by the Department of Finance.
This compares with a surplus of €5 billion in 2022, with the decline driven by factors including increased public expenditure and the transfer of €4 billion to the National Reserve Fund (NRF) in February last year.
An underlying deficit of around €6.5 billion was recorded for 2023 when “one-off” factors are excluded such as transfers to the NRF, proceeds from the disposal of bank equity and estimated “excess” corporation tax receipts.
The latest Exchequer Returns show that corporation tax receipts amounted to €1.8 billion in December, up by almost 20% compared to December 2022.
Annual corporate tax receipts amounted to €23.8 billion, which is €1.2 billion, or 5.3%, up on 2022.
Corporation tax has been highly volatile in recent months, coming in lower than forecast in August, September and October before seeing a strong recovery in November. …
(Excerpt) Read more at rte.ie ...
I thought Ireland was on its way to good things because they were so financially diligent. But that crashed when they started spending money again.
They also raised their corporate tax rates, because the EU ordered them to.
I was just reading the EU has told Ireland that they can’t lower their corporate taxes.
There are about 2 million Palestinian’s who used to live in GAZA and they need someplace to stay... Any takers in Ireland? It would increase their population from 5 million to 7 million.
A government with a surplus!? WOW!
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