Fiscal Monitor (Incorporating the Exchequer Statement) August 2017
- An Exchequer surplus of €1,818 million was recorded to end-August 2017. This compares to a deficit of €329 million in the same period last year. This year-on-year improvement of €2,147 million is primarily due to the recent sale of over 28% of the State’s shareholding in AIB.
- Tax revenues for the month of August closed the month 0.8% or €21 million above target. As a result, cumulative tax revenues are just 0.7% or €209 million below profile, which represents a solid year-on-year increase of 4.9% or €1,431 million.
- Overall, total net voted expenditure to end-August 2017, at €29,153 million, was 0.8% or €233 million below target, but up 5.2% or €1,440 million in year-on-year terms.
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