An Exchequer deficit of €625 million was recorded to end-August 2019. This compares to a deficit of €1,818 million in the same period last year.
Tax revenues of €35,050 million to end-August 2019 were in-line with target, ahead by just 0.7% or €233 million and exceeding the 2018 performance by 8.1% or €2,629 million.
Total net voted expenditure to end-August 2019, at €33,740 million, was up €2,160 million or 6.8% in year-on-year terms, comprised of a 5.2% increase in current spending and a 25.1% increase in capital spending. This was broadly in-line with profile, below by 1.1% or €365 million.
