Exchequer Statement for the period ended 29 February 2008. - Department of Finance

EXCHEQUER STATEMENT
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STATEMENT OF EXCHEQUER SURPLUS/(DEFICIT) IN THE PERIOD ENDED 29 FEBRUARY 2008

		01 January 2007	01 January 2008
		to	to
Receipts and Expenditure		28 February 2007	29 February 2008
		€000	€000
Receipts
Tax Revenue	Note 1	8,245,789	7,561,700
Non-Tax Revenue	Note 2	23,683	25,102
Sinking Fund (Capital) *		0	449,360
Other Capital Receipts	Note 3	815,943	802,612
Total		9,085,415	8,838,774

Expenditure
Voted (Departmental Expenditure Voted Annually by the Dail)**	Note 4	6,342,868	7,878,440
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	545,827	635,663
Non-Voted Capital Expenditure	Note 6	2,059	66
Total		6,890,754	8,963,529

Exchequer Surplus/(Deficit)		2,194,661	(124,755)


Source and Application of Funds
Total (Borrowing)/Repayment	Note 7	(800,010)	(388,977)
Total Increase/(Decrease) in Exchequer Deposits and Other Balances	Note 8	2,994,671	264,222

Exchequer Surplus/(Deficit)		2,194,661	(124,755)




* 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 February are : 2007 - €510,213,000 and 2008 - €1,076,084,000

RECEIPTS	1 Jan 2007	1 Jan 2008	ISSUES	1 Jan 2007	1 Jan 2008
	to	to		to	to
	28 Feb 2007	29 Feb 2008		28 Feb 2007	29 Feb 2008

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

Customs...................	43,200	46,366	Agriculture & Food...............................	169,244	174,571
Excise......................	904,669	922,649	Arts, Sport & Tourism..............................	50,138	88,280
Capital Gains Tax.........................	846,347	515,689	Communications, Marine & Natural Resources.........	44,899	47,421
Capital Acquisitions Tax...............	51,431	61,904	Community, Rural & Gaeltacht Affairs..........................	68,042	82,016
Stamps....................	669,183	372,077	Defence........	145,817	159,285
Income Tax..............	2,175,534	2,245,397	Education & Science...................................	1,316,950	1,530,989
Corporation Tax........	761,021	651,752	Enterprise, Trade & Employment........................	184,553	231,686
Value-Added-Tax.........................	2,763,475	2,698,714	Environment, Heritage & Local Government..........................	328,060	431,732
Agricultural Levies........................	0	0	Finance Group...............................	190,112	182,410
Training & Employment Levy........	792	218	Foreign Affairs...................................	142,884	236,068
Unallocated Tax Receipts………………………	30,137	46,934	Health & Children.........................	1,863,999	2,376,519
Total	8,245,789	7,561,700	Justice Group.................................	334,145	413,437
			Social & Family Affairs ................................	1,294,937	1,402,718
			Taoiseach's Group (incl Legal Votes)....................	23,594	26,436
Note 2: Non-Tax Revenue			Transport...........................	185,494	494,872
			Total	6,342,868	7,878,440
Central Bank - Surplus Income.................................	0	0
National Lottery Surplus...............	0	0
Royalties from Marathon Petroleum..........................	113	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.....................	83,832	107,023
Local Loans Fund........................	339	152	Sinking Fund Contributions...........	0	449,360
Other Advances...........................	4,671	4,321	Other Debt Management Expenses.........................	8,125	9,712

Dividends			Other Non-Voted Expenditure
Bord Gais Eireann………………………………..	0	0	Contribution to EU Budget............	404,433	459,881
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...........................	124	0	Election Expenses........................	199	689
			Payments to Political Parties under the Electoral Acts…………	1,322	1,368
Other Receipts			Salaries, Pensions and Allowances..........................	6,648	8,014
Property Registration Authority Fees…………	15,300	12,100	Oireachtas Commission…………………………………………..	16,250	16,647
Motoring Fines………………………………….	1,062	1,877	IDA - Payments under Development Bank Acts, 2005	23,333	23,333
Other Receipts collected by Departments etc..............................	1,655	3,042	Miscellaneous..........	1,685	1,310
Miscellaneous..........	419	2,152	Total	545,827	1,085,023
Total	23,683	25,102

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...................	70,551	38,484	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	16	Arramara Teoranta..........................	0	0

Loan Repayments			Investments in International Bodies
Local Loans Fund Acts, 1935-87.............................	4,127	265	European Bank for Reconstruction and Development Act, 1991	0	0
Feoga (Guarantee).......................	730,146	740,000	International Common Fund for Commodities Act 1982 S 3(2)	0	0
Feoga (Intervention)...................	0	0	CB/Development Bank…………………………………………..	19	19
Other Loans Repaid....................	0	0	Development Bank Acts, 2005………………………………………….	0	0
			European Communities Acts, 1972 to 1998
Capital Receipts under Statute			ERDF/Cohesion Fund..................	2,010	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............	2,000	1,045	Carbon Fund Act 2007…………………………………………	0	0
IDA Ireland.............	6,617	19,547	National Pensions Reserve Fund.............................	0	0
Enterprise Ireland..................	582	1,529	Other Payments under Statute.................................	30	47
Sale of Telephony Licences…………………..	0	0	Total	2,059	66
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....................	359	1,726	Note 7: (Borrowing)/Repayments
Total	815,943	802,612

			Irish Government Bonds listed on the Irish Stock Exchange..	(181,085)	(8,821)
			Other Irish Government Public Bond Issues.................................	0	0
			EIB Loans................	0	0
			Medium Term Notes.....................	0	0
			Private Placements......................	0	0
			National Saving Schemes............	6,841	(56,265)
			Commercial Paper........................	(937,547)	(324,120)
			Miscellaneous Debt......................	229	0
			(Borrowing from)/Repayment to Ministerial Funds......................	311,552	229
			Total (Borrowing)/Repayment	(800,010)	(388,977)

			Note 8: Increase/(Decrease) in Exchequer
			Deposits and Other Balances
			Increase/(Decrease) in Exchequer Balance................................	2,379,964	(440,441)
			Increase/(Decrease) in Other Bank Deposits..............................	865,000	700,000
			Increase/(Decrease) in Other Balances...................	(250,293)	4,663
			Total	2,994,671	264,222

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