End July Fiscal Monitor
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From: Department of Finance; Department of Public Expenditure, Infrastructure, Public Service Reform and Digitalisation
- Published on: 2 August 2018
- Last updated on: 4 December 2018
An Exchequer deficit of €277 million was recorded to end-July 2018. This compares to a surplus of €3,366 million in the same period last year. The year-on-year dis-improvement in the Exchequer balance is primarily down to the flattering effect on last year’s deficit of the 2017 AIB share sale receipts (worth €3,434 million to the Exchequer).
Tax receipts for July met the monthly target, over by just €6 million (0.1%) and saw year on year growth of €279 million or 6.3%.
Cumulative tax receipts at end-July were also on profile, up by just 0.6 % (€174 million). In year-on-year terms this represents a 5.5% (€1,555 million) increase when compared to the same period in 2017.
Total net voted expenditure to end-July 2018, at €27,602 million, was (0.5%) or €150 million below profile however, up €2,094 million (8.2%) in year-on-year terms.
