Exchequer Statement for the period ended 31 January, 2008. - Department of Finance

EXCHEQUER STATEMENT
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STATEMENT OF EXCHEQUER SURPLUS/(DEFICIT) IN THE PERIOD ENDED 31 JANUARY 2008

		01 January 2007	01 January 2008
		to	to
Receipts and Expenditure		31 January 2007	31 January 2008
		€000	€000
Receipts
Tax Revenue	Note 1	4,745,422	4,609,798
Non-Tax Revenue	Note 2	9,064	13,426
Sinking Fund (Capital) *		0	449,360
Other Capital Receipts	Note 3	594,058	555,042
Total		5,348,544	5,627,626

Expenditure
Voted (Departmental Expenditure Voted Annually by the Dail)**	Note 4	3,527,792	4,241,328
Non-Voted (Non-discretionary Expenditure charged directly on the Central Fund)
Sinking Fund *	Note 5	0	449,360
Other Non-Voted Current Expenditure	Note 5	129,223	306,991
Non-Voted Capital Expenditure	Note 6	422	31
Total		3,657,437	4,997,710

Exchequer Surplus/(Deficit)		1,691,107	629,916


Source and Application of Funds
Total (Borrowing)/Repayment	Note 7	(1,096,354)	(24,147)
Total Increase/(Decrease) in Exchequer Deposits and Other Balances	Note 8	2,787,461	654,063

Exchequer Surplus/(Deficit)		1,691,107	629,916




* The Sinking Fund provision is a transfer from the current account
to the capital account to reduce national debt



** Of which issues for capital spending to end January are : 2007 - €267,366,000 and 2008 - €462,082,000

RECEIPTS	1 Jan 2007	1 Jan 2008	ISSUES	1 Jan 2007	1 Jan 2008
	to	to		to	to
	31 Jan 2007	31 Jan 2008		31 Jan 2007	31 Jan 2008

	€000	€000		€000	€000
Note 1: Tax Revenue			Note 4: Voted Departmental Expenditure

Customs.........	14,174	24,882	Agriculture & Food.....	82,222	88,903
Excise.......	466,398	472,143	Arts, Sport & Tourism....	26,652	31,555
Capital Gains Tax..........	186,692	128,716	Communications, Marine & Natural Resources....	24,678	28,388
Capital Acquisitions Tax......	23,800	26,511	Community, Rural & Gaeltacht Affairs......	31,062	42,640
Stamps..........	346,821	180,012	Defence.....	78,941	85,408
Income Tax.........	1,107,080	1,208,254	Education & Science.........	778,403	940,186
Corporation Tax.........	207,874	196,585	Enterprise, Trade & Employment.......	106,982	114,671
Value-Added-Tax..........	2,331,507	2,335,014	Environment, Heritage & Local Government......	245,398	303,929
Agricultural Levies.........	0	0	Finance Group.....	99,361	109,257
Training & Employment Levy.........	0	218	Foreign Affairs.........	85,572	141,437
Unallocated Tax Receipts………………………	61,076	37,463	Health & Children.....	1,055,535	1,289,492
Total	4,745,422	4,609,798	Justice Group.......	182,851	222,361
			Social & Family Affairs ......	643,000	717,532
			Taoiseach's Group (incl Legal Votes).........	12,964	13,576
Note 2: Non-Tax Revenue			Transport......	74,171	111,993
			Total	3,527,792	4,241,328
Central Bank - Surplus Income.......	0	0
National Lottery Surplus......	0	0
Royalties from Marathon Petroleum.........	0	1,458		€000	€000
Central Bank-Accrued public moneys from the			Note 5: Non-Voted Current Expenditure
issue of coin…………………………………………	0	0
			Service of National Debt
Interest on Loans			Interest...........	42,008	64,516
Local Loans Fund.........	151	152	Sinking Fund Contributions.......	0	449,360
Other Advances........	2,053	3,489	Other Debt Management Expenses........	5,958	5,531

Dividends			Other Non-Voted Expenditure
Bord Gais Eireann………………………………..	0	0	Contribution to EU Budget........	43,294	190,503
ESB……………………………………………….	0	0	Finance Act 2003 (Section 166).....	0	0
Bord Na Mona…………………………………….	0	0	P&T Services Act,(Amendment)1983 Section 75.....	0	7,686
Dublin Port Company…………………………….	0	0	Payments to Marathon Petroleum Ire. Ltd......	0	0
Other Dividends........	0	0	Election Expenses.........	69	543
			Payments to Political Parties under the Electoral Acts…………	1,322	1,368
Other Receipts			Salaries, Pensions and Allowances.........	3,228	3,853
Property Registration Authority Fees…………	5,700	6,500	Oireachtas Commission…………………………………………..	8,736	8,758
Motoring Fines………………………………….	0	0	IDA - Payments under Development Bank Acts, 2005	23,333	23,333
Other Receipts collected by Departments etc....	904	1,590	Miscellaneous......	1,275	900
Miscellaneous......	256	237	Total	129,223	756,351
Total	9,064	13,426

Note 3: Capital Receipts			Note 6: Non-Voted Capital Expenditure

EU Receipts			Loans
Cohesion Fund Receipts.....	0	0	Bord Iascaigh Mhara.....	0	0
European Regional Development Fund.......	36,470	0	Local Loans Fund.........	0	0
EIB-EEA Financial Mechanism.......	0	0
Trans European Network.........	0	0	Share Capital Acquired in State Sponsored Bodies
Other EU Receipts........	0	0	Arramara Teoranta...........	0	0

Loan Repayments			Investments in International Bodies
Local Loans Fund Acts, 1935-87.......	529	264	European Bank for Reconstruction and Development Act, 1991	0	0
Feoga (Guarantee)........	547,947	540,000	International Common Fund for Commodities Act 1982 S 3(2)	0	0
Feoga (Intervention).........	0	0	CB/Development Bank…………………………………………..	0	0
Other Loans Repaid.....	0	0	Development Bank Acts, 2005………………………………………….	0	0
			European Communities Acts, 1972 to 1998
Capital Receipts under Statute			ERDF/Cohesion Fund........	392	0
Insurance Acts 1953-88.....	0	0	FEOGA (Intervention).........	0	0
			FEOGA (Guarantee)......	0	0
Other Capital Receipts			Other Capital Payments
Sale of State Property........	0	0	Carbon Fund Act 2007…………………………………………	0	0
IDA Ireland.........	6,617	11,524	National Pensions Reserve Fund.......	0	0
Enterprise Ireland........	582	1,529	Other Payments under Statute.......	30	31
Sale of Telephony Licences…………………..	0	0	Total	422	31
FAS Receipts........	1,561	0
Vodafone Sale of Bonus Shares………………	0	0	SOURCE AND APPLICATION OF FUNDS
Receipt from Sale of Aer Lingus………………	0	0		€000	€000
Miscellaneous Capital Receipts........	352	1,725	Note 7: (Borrowing)/Repayments
Total	594,058	555,042

			Irish Government Bonds listed on the Irish Stock Exchange..	(366,723)	(14,680)
			Other Irish Government Public Bond Issues.......	0	0
			EIB Loans......	0	0
			Medium Term Notes......	0	0
			Private Placements.......	0	0
			National Saving Schemes........	(4,092)	(25,436)
			Commercial Paper.........	(1,186,849)	246,441
			Miscellaneous Debt.......	229	0
			(Borrowing from)/Repayment to Ministerial Funds.....	461,081	(230,472)
			Total (Borrowing)/Repayment	(1,096,354)	(24,147)

			Note 8: Increase/(Decrease) in Exchequer
			Deposits and Other Balances
			Increase/(Decrease) in Exchequer Balance......	3,038,967	655,938
			Increase/(Decrease) in Other Bank Deposits....	0	0
			Increase/(Decrease) in Other Balances.......	(251,506)	(1,875)
			Total	2,787,461	654,063

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