Publication
Fiscal Monitor September 2019
-
From: Department of Finance
- Published on: 2 October 2019
- Last updated on: 2 October 2019
- An Exchequer surplus of €38 million was recorded to end-September 2019. This compares to a deficit of €1,471 million in the same period last year. The €1,509 million year-on-year improvement is driven by increases across all revenue streams; tax, non-tax and capital receipts, and somewhat offset by increases in both current and capital voted expenditure.
- Tax revenues of €40,781 million to end-September 2019 were ahead of target by 1.7% or €674 million and exceeding the 2018 performance by 8.7% or €3,252 million.
- Total net voted expenditure to end-September 2019, at €38,531 million, was up €2,488 million or 6.9% in year-on-year terms, comprised of a 5.1% increase in current spending and a 24.6% increase in capital spending. This was slightly below profile, by 1.0% or €372 million.
