Publication
End June Fiscal Monitor
From Department of Finance; Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
Exchequer deficit of €823 million. This compares to a surplus of €2,485 million in the same period last year. When adjusted for the impact of the AIB share sale in June 2017, the Exchequer balance shows an underlying annual decrease of €323 million.
This decline in the Exchequer balance was primarily due to increases in investment in infrastructure and public services and was somewhat offset by increased tax revenue.
Tax revenues of €24,941 million were broadly on profile (up 0.7%) and up 5.4% (€1,276 million) year-on-year.
Total Gross voted expenditure of €29,519 million to end-June was €107 million was marginally below profile (0.4%) and up €2,075 million (7.6%) on the same period in 2017.
