As Gaeilge
     EXCHEQUER STATEMENT      
     
    STATEMENT OF EXCHEQUER SURPLUS/(DEFICIT) IN THE PERIOD ENDED 31 DECEMBER 1999
     
  1st   Jan  1998 1st   Jan  1999
  to to
Receipts and Expenditure - Current   31st  Dec 1998 31st Dec 1999
  £000 £000
Receipts      
Tax Revenue Note 1      16,129,526     18,559,254
Non-Tax Revenue Note 2   364,437     416,874
     
Total       16,493,963     18,976,128
     
Expenditure      
Voted (Departmental Expenditure Voted Annually by the Dail)        10,978,617     12,105,451
Non-Voted (Non-discretionary Expenditure charged directly on the Central Fund    
  Sinking Fund * Note 4   294,841   329,380
   Other Non-Voted Current Expenditure Note 4    3,138,745    3,118,710
Total        14,412,203     15,553,541
     
Surplus/(Deficit) on Current Account      2,081,760    3,422,587
     
Receipts and Expenditure - Capital      
     
Receipts      
Sinking Fund *     294,841   329,380
Other Capital Receipts Note 3   681,596    4,205,773
     
Total     976,437    4,535,153
     
Expenditure      
Voted (Departmental Expenditure Voted Annually by the Dail)      1,930,832    2,381,914
Non-Voted (Expenditure charged directly under particular legislation) Note 5   379,916    4,384,145
     
Total      2,310,748    6,766,059
     
Surplus/(Deficit) on Capital  Account  

     (1,334,311)

     (2,230,906)

     
Exchequer Surplus/(Deficit)     747,449    1,191,681
     
     
Source and Application of Funds      
Total (Borrowing)/Repayment Note 6   654,925    1,328,070
Total Increase/(Decrease) in Exchequer Deposits and Other Balances Note 7     92,524     (136,389)
     
Exchequer Surplus/(Deficit)     747,449    1,191,681
     
     
*  The Sinking Fund provision is a transfer from the current account      
to the capital account to reduce national debt      
     
     
Euro equivalent of main aggregates   euro (000) euro (000)
     
Total Current Receipts   20,943,013 24,094,712
Total Current Expenditure   18,299,723 19,748,923
Surplus/(Deficit) on Current Account   2,643,290 4,345,789
     
Total Capital Receipts   1,239,819 5,758,456
Total Capital Expenditure   2,934,045 8,591,123
     
Exchequer Surplus/(Deficit)    949,064 1,513,123
     

 

 RECEIPTS   1st   Jan  1998   1st   Jan  1999     ISSUES   1st   Jan  1998   1st   Jan  1999 
   to   to       to   to 
   31st Dec 1998   31st Dec 1999       31st Dec 1998   31st Dec 1999 
             
   £000   £000       £000   £000 
 Note 1: Tax Revenue         Note 4: Non-Voted Current Expenditure     
 Customs.............................     159,660    143,940        
 Excise..................................     2,822,112    3,189,403    Service of National Debt     
 Capital Gains Tax..............     194,583    357,519    Interest..............................     2,246,018   2,161,776
 Capital Acquisitions Tax..............................     110,726    151,676    Sinking Fund Contributions.................     294,841    329,380
 Stamps................................     540,369    719,320    Other Debt Management Expenses.............................    18,511   20,559
 Income Tax........................     5,736,233    6,322,626        
 Income Levy........................      384      25    Other Non-Voted Expenditure     
 Corporation Tax................     2,064,933    2,709,719    Contribution to EU Budget...................     779,234    834,172
 Value-Added-Tax..............     4,269,789    4,878,282    An Post and Bord Telecom Pension Fund Payments....................    56,662   51,977
 Agricultural Levies..........      8,397     9,554    Payments to Marathon Petroleum Ire. Ltd...............    13,301    6,763
 Motor Vehicle Duties.................................     -      -      Election Expenses..................................      3,461   11,777
 Training & Employment Levy..................     222,340     77,190    Salaries, Pensions and Allowances.............................    15,597   15,586
 Unallocated Tax Receipts........................     -      -      Miscellaneous..............      5,961   16,100
   Total    16,129,526    18,559,254      Total     3,433,586   3,448,090
             
 Note 2: Non-Tax Revenue         Note 5: Non-Voted Capital Expenditure     
 Central Bank - Surplus Income.................     98,758    152,351        
 National Lottery Surplus..............................     112,500    109,934    Loans     
 Royalties from Marathon Petroleum........      5,279     3,515    Bord Iascaigh Mhara..............................     188    175
         Local Loans Fund....................................     30      -  
 Interest on Loans             
 Local Loans Fund..........     16,595    12,019    Share Capital Acquired in State Sponsored Bodies     
 Other Advances............      2,714     872    ACC Bank plc................      -      9,500
         ICC Bank plc..................    14,979      -  
 Dividends         SFADCo. Ltd.................      3,112    2,544
 Telecom  Eireann............     36,875     27,552        
 Bord Gais Eireann.......        11,000    Investments in International Bodies     
 Other Dividends.............      9,667     12,406    European Bank for Reconstruction and Development Act, 1991..........................     345    425
             
 Other Receipts         European Communities Acts, 1972 to 1986     
 Passport and Consular Fees....................     14,711     13,867    ERDF/Cohesion Fund..........................      -      190
 Other Receipts collected by Departments etc......................     54,365     59,484    FEOGA (Intervention)..........................    30,000    3,961
 Miscellaneous...............     12,973     13,874    FEOGA (Guarantee)..............................     184,000   61,918
   Total     364,437    416,874        
         Other Capital Payments     
         Temporary Holding Fund Superannuation Liability Act 1999..........................      -     3,015,008
             
         Postal & Telecommunications Services Act  (Amendment) 1983.....................      -     1,250,000
         Irish Aviation Authority Act 1993..................    60,000   39,656
 Note 3: Other Capital Receipts         Other Payments under Statute...........    87,262    768
           Total     379,916   4,384,145
 EU Receipts             
 Cohesion Fund Receipts............................     92,064    218,157    SOURCE AND APPLICATION OF FUNDS   1st   Jan  1998   1st   Jan  1999 
 European Regional Development Fund....     291,033    206,916      to   to 
 EIB-EEA Financial Mechanism.................      7,000    -        31st Dec 1998   31st Dec 1999 
 Transport Infrastructural Programme....     -      -          
 Other EU Receipts...................................      26      26      £000   £000 
         Note 6: (Borrowing)/Repayments     
 Loan Repayments             
 Local Loans Fund Acts, 1935-87.............     28,054    31,151    Irish Government Bonds listed on the Irish Stock Exchange.........      773,288    331,938
 Feoga (Guarantee)..................................     184,000     24,577    Other Irish Government Public Bond Issues     189,376    761,471
 Feoga (Intervention))..............................     30,000    -      EIB Loans........................     266,763    101,886
 Other Loans Repaid...............................      2,085     12,703    Medium Term Notes.............................    51,352   88,467
         Private Placements................................     111,672    398,169
 Other Capital Receipts         National Saving Schemes.....................   (202,805)    92,232
 Sale of State Property.............................      7,507     396    Commercial Paper............................   (46,756)   (140,532) 
 Foir Teoranta (Dissolution) Act, 1990...............................      897     136    Miscellaneous Debt...............................    74,637   26,022
 Sale of IDA Assets.....      9,000     2,000    Borrowing from Ministerial Funds..............................   (562,782)   (331,583) 
 Sale of F┴S Assets.........      93    -      Total Borrowing/(Repayment)............     654,925   1,328,070
 Insurance Acts 1953-88...........................      1,377     585        
 Enterprise Ireland....................        1,207    Note 7: Increase/(Decrease) in Exchequer     
 Telecom Eireann (ESOP)       160,000     Deposits and Other Balances     
 Telecom Eireann (Public Share Offer).       3,317,389    Increase/(Decrease) in Exchequer Balance..............     344,494  (61,058) 
 Telecom Eireann (Comsource-Strategic Alliance).       200,000    Increase/(Decrease) in Other Bank  Deposits...................      -        -  
Miscellaneous Capital Receipts........    28,460     30,530   Increase/(Decrease) in Other Balances.............  (251970)   (75,331) 
  Total    681,596   4,205,773     Total   92,524  (136,389) 
             

 
Users who read this document also viewed
27 July 1998Freedom of Information
01 June 2003Welcome from the Minister
03 April 2013End-March 2013 Exchequer Statement
06 October 2002 The Strategic Management Initiative was set up in 1996 and marks a major step towards improving the Civil Service. SMI...
03 January 2013 END-DECEMBER 2012 EXCHEQUER RETURNS Good Exchequer Performance: Taxes Up; Spending on Target  The Minister for Finance,...