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Fiscal Monitor December 2019

Published: 3 January 2020
From: Department of Finance and Department of Public Expenditure and Reform
  • An Exchequer surplus of €647 million was recorded to end-December 2019. This compares to a surplus of €99 million in the same period last year. The €548 million year-on-year improvement is driven by increases in tax and non-tax revenues, and somewhat offset by increases in both current and capital voted expenditure.
  • Tax revenues of €59,314 million to end-December 2019 were ahead of target by 2.4% or €1,374 million and exceeded the 2018 performance by 6.8% or €3,756 million.

Fiscal Monitor December 2019