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Fiscal Monitor March 2019

  • An Exchequer deficit of €966 million was recorded to end March 2019. This compares to a deficit of €1,114 million in the same period last year.
  • Tax revenues of €12,795 million were collected in Q1 2019, representing a year-on-year increase of 7.1% or €843 million.
  • Total net voted expenditure to end-March 2019, at €11,986 million, was up €809 million or 7.2% in year-on-year terms but is 2.6% or €321 million below profile.
  • Combined receipts from non-tax revenue and capital receipts of €1,369 million were up 28.5% or €303 million year-on-year.
  • Non-voted expenditure of €3,144 million was up year-on-year by 6.4% or €188 million. This increase was driven by a greater EU contribution due to both Ireland’s increased share of EU obligations and the timing of funds called up by the Commission.
Fiscal Monitor March 2019
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